India’s Steel Sector Achieves Milestones in Self-Reliance and Decarbonisation Drive
India's steel industry, recognized as a "sunrise sector," has sustained significant growth since becoming the world's second-largest producer in 2018. With a strong domestic production capacity, the industry not only caters to rising internal demand but also enhances its global market presence through increased exports. Government-backed initiatives like the Production Linked Incentive (PLI) scheme have bolstered specialty steel production, while policies focusing on raw material availability, infrastructure development, and decarbonisation are paving the way for a self-reliant and sustainable future. The sector is ambitiously working towards achieving a production capacity of 500 million tonnes by 2047 and net-zero carbon emission targets by 2070.
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