INTO INDIA has written about the extraordinary transformation that is happening in the “New India” – airports, roads, ports, urban renewal, smart cities, shopping malls, digitisation and online shopping.
But is is truly stunning to hear that India is right on the verge of being the biggest steel producer in the world.
On August 23, Minister of Civil Aviation and Steel, Mr. Jyotiraditya Scindia, stated that India would soon become the world’s top steel producer. The Minister was addressing an NMDC and FICCI-organized conference on the Indian minerals and metals business. After China, India is the second-largest producer of crude steel worldwide.
He believed that India had switched from being a net steel importer to an exporter of steel. According to him, India now consumes 78 kg of steel per person, up from 57.8 kg in 2013–14. By 2030, the government wants to produce 300 million tonnes (MT) of steel, according to Mr. Scindia.