Union Minister Pushes for Doubling Steel Policy Target, Eyes 1 Billion Tonne Milestone

Union Commerce and Industry Minister Piyush Goyal has urged India's steel industry to adopt a new ambitious goal: reaching 1 billion tonnes of production capacity, well ahead of the present National Steel Policy target of 500 million tonnes by 2047. At the Steel India 2025 conference, Goyal referred to the current goals as "sub-optimal," highlighting India's ability to challenge China and become the world's leading steel producer.

 

Key Highlights:

Goyal's vision of a steel industry as a pillar of India's path to a $30-35 trillion economy by 2047 is ambitious.

 

Source: The Economic Times, Business Standard, Rediff