Minister of Petroleum and Natural Gas and Steel Dharmendra Pradhan on Wednesday said that steel consumption in India is set for a quantum jump and investors should come forward and become a partner in the country’s growth story.
“There is a strong positive correlation between steel usage and a nation’s economic growth. As India embarks on its next trajectory of growth fueled by the government’s focus on building infrastructure for future, creating smart cities, industrial corridors and so forth, the steel consumption in the country is set for a quantum jump,” the steel minister said.
He further said, India is on a steady path to becoming a five trillion dollar economy, with emphasis on ease of doing business (EoDB) as well as ease of living.
“India’s economic growth will be driven by heavy investment in infrastructure, digital economy and job creation in small and medium firms. Our initiatives such as ‘Make in India’ aim to support and encourage domestic value addition. Read more
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