According to the Hindu newspaper reported on May 5, the Indian government plans to use the public utility surplus land and private enterprises to establish a joint venture to achieve 2030 steel production doubled to 300 million tons of the target. At present, India steel production capacity of 126 million tons. On Wednesday the Cabinet passed a new steel policy, is also plans to increase investment by 10 trillion rupees in order to achieve the goal of 300 million tons of steel production capacity. Indian Minister Iron and Steel Minister Chaudhary Birender Singh said in an interview that in order to achieve the goal, we must immediately put into action. India’s Steel Administration (SAIL) and ArcelorMittal (ArcelorMittal) joint venture to create a car steel plant plans will be settled this month.
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