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Press Information Bureau
Government of India
Ministry of Steel
01 AUG 2022 3:18PM by PIB Delhi
Investment in Steel Sector

Steel being a de - regulated sector, the Government acts as a facilitator, by creating enabling environment for development of the sector. National Steel Policy, 2017 has mission to provide environment for attaining “self sufficiency” in steel production by providing policy support and guidance to steel producers. Further, the action taken includes the following:-

 

  1. A Project Development Cell (PDC) has been established in the Ministry which is engaged in identifying projects to facilitate new investments, evaluating the pipeline of projects and taking necessary steps to fast-track their implementation.
  1. Notification of Production-Linked Incentive (PLI) Scheme for Specialty Steel with an outlay of Rs. 6,322 Crore to promote the manufacturing of specialty steel within the country for domestic use and export by attracting Capital investments.
  1. Participation in events like world expo held recently in Dubai, interaction of Ministerial delegation with domestic steel users in Japan, Korea, Russia to highlight the expertise of the steel sector in India and showcase an array of investment opportunities as well as business potential in India’s Steel sector.
  1. Make in India initiative and the PM Gati-shakti National Master Plan with further engagement with potential users, including from Railways, Defence, Petroleum and Natural Gas, Housing, Civil Aviation, Road Transport and Highways, Agriculture and Rural Development sectors to enhance the steel usage, overall demand for steel and investment in steel sector in the country.
  1. Adjustments in Basic Custom Duty on steel products and raw materials along with calibration of trade remedial measures like Anti-dumping duty (ADD), Countervailing duty (CVD) on certain steel products to enhance competitiveness of India’s steel sector.

 

India is the 2nd largest producer of Crude Steel in the world. The details of production for the last three years State wise and year-wise are given below: -

 

 

Crude Steel: State Wise Production

('000t)

State

2019-20

2020-21

2021-22

Arunachal Pradesh

29

0

69

Assam

67

59

108

Bihar

540

465

529

Jharkhand

17209

15549

17094

Meghalaya

92

37

56

Odisha

20253

21432

23241

Tripura

12

7

17

West Bengal

7764

7076

8836

Chhattisgarh

13534

13183

14900

Dadra and Nagar Haveli

285

145

253

Daman and Diu

46

40

46

Goa

423

400

407

Gujarat

8680

8403

9189

Madhya Pradesh

438

369

569

Maharashtra

8260

7925

11371

Delhi

12

10

5

Haryana

596

731

941

Himachal Pradesh

864

766

1265

Jammu and Kashmir

114

118

146

Punjab

3310

2917

3663

Rajasthan

749

589

621

Uttar Pradesh

1198

1005

1197

Uttarakhand

1077

950

991

Andhra Pradesh

6539

5898

7096

Karnataka

12875

11688

13045

Kerala

304

253

325

Puducherry

210

179

215

Tamil Nadu

2505

2159

2633

Telangana

1154

1192

1464

Total

109137

103545

120294

Source: Joint Plant Committee (JPC)

 

This information was given by the Minister of State for Steel, Shri Faggan Singh Kulaste in a written reply in the Rajya Sabha today.

 

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AKN/SK