Domestic consumption focus of steel policy: Minister

Domestic consumption focus of steel policy: Minister

With India targeting a 300 million tonnes a year steel production capacity by 2030-31, Union Steel Minister Chaudhary Birender Singh on Friday said the focus would be on domestic consumption and making the sector globally competitive.

Singh said his ministry has identified construction and manufacturing sectors like rural development, urban infrastructure, roads and highways, and railways for maximum consumption of steel.

“The government has made a budgetary allocation of Rs 4 lakh crore for infrastructure this year. We have to ensure that the maximum steel produced in the country is used domestically,” said the Minister, who chaired a second meeting of the National Steel Consumers’ Council here. Read More…


Credit By : Sme Times

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