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According to foreign media reports, Indian Iron and Steel Minister Aruna Sharma (Aruna Sharma) said in an activity recently that the Indian government will work hard to relax market access for large foreign companies to encourage them to invest in India to build new steel projects. . By 2020, India’s steel production is expected to increase from 134 million tons to 150 million tons.
“Before, India has some problems in the process of building new steel projects. Nowadays, India has great room for the development of large-scale steel projects. If anyone wants to build large-scale steel projects in India, we will build a 'red carpet' for them. Warmly welcome their arrival," said Aruna Sharma.
It is understood that at present, India has not yet received applications from foreign companies for the construction of new steel projects, and most foreign investors are still on the sidelines.
In addition, Aruna Sharma also urged the Indian steel industry to reduce the use of coking coal in steel production through the adoption of new technologies because India and most Asian countries do not have much coking coal reserves.
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