TRN Business
Government Develops National Steel Policy-Vision 2047 to Revamp Steel Industry

The Government has drafted the National Steel Policy-Vision 2047 to enhance India's steel sector. This policy aims to create a competitive and sustainable steel industry while addressing the country's increasing steel demands. It projects a rise in per capita steel consumption from 116 to 302 kilograms and plans to boost crude steel production capacity to 604 million tonnes by 2047. Additionally, the policy emphasizes cleaner production methods to significantly reduce carbon emissions associated with steel manufacturing.
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