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Cabinet may make local steel compulsory for govt infra projects: Source

The policy is broadly seen as a continuation of India's protectionist stance against China & Russia

Reuters  |  New Delhi 

The Indian cabinet may clear a proposal on Wednesday to make usage of local steel mandatory for government's infrastructure projects, an official with direct knowledge of the matter said, aimed at boosting sales of local companies and global steel makers' investments. The ministry's flagship National Steel Policy, which seeks to outline a roadmap to increase the country's annual steel production to 300 million tonnes by 2025, is also expected to be passed in the cabinet, the official told Reuters. The policy is broadly seen as a continuation of India's ...

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First Published: Wed, May 03 2017. 15:14 IST
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