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The Indian government used public utility sites to build steel mills in joint ventures with private enterprises

The Indian government used public utility sites to build steel mills in joint ventures with private enterprises
Issue Time:2017-05-12

The Indian government plans to use the remaining public land to build steel mills with private enterprises to achieve the goal of doubling steel output to 3 tonnes in 2030, the India Catholic reported on May 5th. At present, the Indian iron and steel production capacity of 1.26 tons. On Wednesday (May 3rd), the cabinet adopted a new steel policy, and plans to increase its investment by 10 trillion rupees to achieve the goal of 3 tons of iron and steel production. "To achieve our goals, we must act immediately," said Chaudhary Birender Singh, an Indian steel minister, in an interview with Chaudhry Binenad Singh. The steel authority of India (SAIL) and Arcelor Mittal (ArcelorMittal) joint venture to create automobile steel factory plan will be settled in the dust.


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