The government informed the Rajya Sabha that India is now the second-largest producer of steel in the world, with annual production of steel reaching a historic high of 120 million tonnes. By 2030, India wants to quadruple its annual steel production to 300 million tonnes, according to Steel Minister Jyotiraditya Scindia.
There has been a doubling in the last eight years of steel production in the country, which has been historic and which is why we have become the second largest steel producer in the world today, he informed the Rajya Sabha during question hour. The minister informed that steel production in the country has increased at a historic level. We only produced close to 60 million tonnes of steel annually in 2013u20132014; today, we produce 120 million tonnes, he said.
In terms of capacity, we had only 75 million tonnes, we are today at 154 million tonnes, he said. In response to supplements, he stated that given the vast number of infrastructure projects we have, it is crucial that India maintains its growth trajectory in steel manufacturing capacity. Therefore, it is our target, that by 2030 we intend to double our steel production from 150 to 300 million tonnes, he said.
Scindia said the Steel Authority of India (SAIL) too will be a part of that. SAIL’s current capacity is 19.6 million tonnes and we are going to grow SAIL’s capacity to 33 million tonnes by 2030 and Bokara Steel plant’s capacity is 4.6 million tonnes, which will go to 8.6 million tonnes, he said.
Comment down below.
After doubling production in the last 8 yrs, India world’s 2nd largest producer of steel: Steel Minister
By tirupatinews
