You are here: Home » PTI Stories » National » News
Business Standard

Govt's vision is to transform steel sector: Minister

Press Trust of India  |  Kolkata 

The Centre has a vision to transform the country's steel sector, Union Steel Minister Chaudhary Birender Singh said today.

"The government's long-term vision is to transform the Indian steel sector," Singh said in a release here. The minister stressed on positively responding to the biggest challenge of boosting steel demand and increasing steel consumption.

As per the Policy 2017, would more than double the steel production capacity to 300 million tonnes by 2030-31, he said.

He said while the steel ministry was working to promote steel usage and spread awareness about the benefits of using steel over other materials, domestic steel makers also needed to walk the extra mile for producing world-class steel.

"is now the net exporter of steel in quantity terms," he said.

The union steel joint secretary Sunil Barthwal said the ministery was looking at doubling of steel from

"India is currently exporting seven million tonnes of steel and we need to double this to increase our market presence globally," he said.

Both the minister and the secretary interacted with the SAIL's major customers in the eastern region.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, June 15 2017. 19:22 IST