Infrastructure Development Bound To Support The Demand Growth Of Steel Sector

According to Tata Steel, the emphasis on the growth of infrastructure will aid in attaining cost efficiencies that are world class apart from also aiding the growth and demand of steel. The National Steel Policy has been given the green signal by the Cabinet. This new policy will support to reorganize the promoters to make way for India so that it realizes its capability by developing the kind of infrastructure that the young population of India is aspiring for.

The steel industry of India has the potential and is striving to grow to 160 kg per capita from the present degree of 60 kg per capita consumption in the next 13-14 years, as predicted by the National Steel Policy 2017 which is declared by the Ministry of Steel.

The MD of Tata Steel says that they are really looking up to the execution of the new policy and the foreseen growth of the sectors that deal in steel while they will support the

Government to look after the other issues. Other issues include availability of raw material and clearing the restrictions put on logistics.