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Is it time to get real about India's steel plans?

The government may struggle to find 91,000 acres of land to pack new 175 mt capacity

Kunal Bose  |  Kolkata 

By any reckoning, it will be an uphill task for India to build steel capacity of 300 million tonnes (mt) by 2030 against the current 125 mt or so. In fact, if any proof of that is needed, the confirmation came from the government itself when earlier in the year the steel policy was revised principally to give the industry an extra five years to achieve the targeted capacity.  The roadblocks to achieving the ambitious 300 mt capacity that will put India well ahead of every other major steel producing country except China are one too many.  But the main hurdle will ...

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First Published: Mon, April 17 2017. 22:37 IST
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