Forging Ahead: India’s Steel Industry Targets 300 Million Tonnes by 2030

Unknown Apr 02, 2026 650 Views

India is on track to achieve a steel production capacity of 300 million tonnes by 2030, marking a significant milestone in the country’s industrial growth. The ambitious target aligns with the government’s vision to enhance domestic manufacturing and global competitiveness in the stee...

In the financial year 2024-25, India produced 110.99 million tonnes of crude steel and 106.86 million tonnes of finished steel. The government’s production-linked incentive scheme for specialty steel has attracted investment commitments worth Rs 17,000 crore, further strengthening the industry’s expansion.

To support this growth, the India Steel 2025 event is set to take place in Mumbai next week, bringing together global industry leaders, policymakers, and stakeholders. Prime Minister Narendra Modi will address the event via video conferencing, highlighting India’s policy reforms and infrastructure initiatives aimed at boosting the steel sector.

The conference will feature discussions on international collaborations, technology transfers, and resilient supply chains. Representatives from key steel-producing nations, including South Korea, Sweden, Australia, and Mongolia, will participate in country-specific sessions to explore joint research and trade opportunities.

Key Highlights:

- India aims to increase steel production capacity to 300 million tonnes by 2030 to meet growing domestic and global demand.
- Current production stands at 110.99 million tonnes of crude steel and 106.86 million tonnes of finished steel in FY25.
- The production-linked incentive scheme for specialty steel has attracted Rs 17,000 crore in investment commitments.
- India Steel 2025 event will bring together global stakeholders for discussions on policy reforms, supply chains, and innovation.
- International collaborations with nations like South Korea, Sweden, Australia, and Mongolia will be explored to strengthen trade and technology exchange.

With a strong pipeline of investments and strategic initiatives, India’s steel industry is poised to play a crucial role in the country’s economic development and global trade positioning.

Source: Economic Times, MSN News, Press Information Bureau, MENAFN News

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