National Steel Policy Seeks to Enhance India's Global Steel Industry Standing
The Government of India has introduced the draft National Steel Policy – Vision 2047, which aims to enhance the country's competitiveness in the global steel industry. This policy outlines a framework to increase per capita steel consumption from 116 kilograms to 302 kilograms and expand crude steel production from 170 million tonnes by 2025-26 to 604 million tonnes by 2047. It also targets a rise in steel exports to 45 million tonnes by 2047 while promoting cleaner production methods to reduce carbon emissions. The draft emphasizes the importance of steel in various sectors, including infrastructure and renewable energy, and aims to strengthen domestic capabilities in specialty steel.
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