How fast is India changing? It is about to become the largest producer of steel on the planet

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.

READ MORE:

https://www.ndtv.com/business/india-to-become-worlds-number-one-producer-of-steel-union-minister-jyotiraditya-m-scindia-3278800

Author: Stephen Manallack

Former President, Australia India Business Council, Victoria and Author, You Can Communicate; Riding the Elephant; Soft Skills for a Flat World (published by Tata McGraw-Hill INDIA); Communicating Your Personal Brand. Director, EastWest Academy Pty Ltd and Trainer/Speaker/Mentor in Leadership, Communication and Cross Cultural Communication. Passionate campaigner for closer western relations with India. Stephen Manallack is a specialist on “Doing Business with India” and advisor/trainer on “Cross-Cultural Understanding”. He is a Director of EastWest Academy Pty Ltd which provides strategic advice and counsel regarding business relations with India. A regular speaker in India on leadership and global communication, his most recent speaking tour included a speech to students of the elite Indian university, Amity University, in Noida. He also spoke at a major Federation of Indian Chambers of Commerce and Industry (FICCI) global summit, the PR Consultants Association of India in Delhi, the Symbiosis University in Pune and Cross-Cultural Training for Sundaram Business Services in Chennai. He has visited India on business missions on 10 occasions and led three major trade missions there. He provides cross-cultural training – Asia and the west.

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