India’s steel production has broken the record of 120 million tonnes per year and becomes the world’s second-largest steel producer, according to the government. India is soon to double its steel production to 300 million tonnes per annum by 2030, said 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.
In 2013-14, we had only 60 million tonnes per annum production of steel, and today we are at 120 million tonnes, and in terms of capacity, we had only 75 million tonnes and now we have 154 million tonnes capacity, he added to the statement.
According to him, it is very important to continue with this strategy to grow steel production in India because we have a tremendous amount of infrastructure projects.
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Several factors have contributed to this growth, such as the government has also launched the Purvodaya programme which aims to accelerate the development of eastern India through the establishment of an integrated steel hub. India has also issued control orders prohibiting the manufacturing of low-quality steel.
Jyotiraditya said that the Steel Authority of India (SAIL) soon will become part of the strategy. Currently, SAIL’s capacity is 19.6 million tonnes, and it will grow to 33 million tonnes by 2030, the steel minister said.
