Steel Minister Jyotiraditya Scindia has said that large scale augmentation would be done to double steel production from the existing 150 million tonnes to 300 million tonnes per annum by 2030. Scindia said that the Indian Railways and Steel Authority of India (SAIL) are working together to produce corrosion free steel.
He mentioned ‘with anti-corrosion features and quality to prevent oxidation in steel products, zinc has tremendous marketing potential for sectors like renewable energy and rural electrification. Galvanised steel will give a long life to infrastructure present alongside our long coastline.’ Further, he said India currently is the fourth largest producer of zinc in the world and 80 per cent of zinc produced in India is consumed domestically.
Besides, he stated that the government has announced a huge capex of Rs 10 lakh crore for infrastructure development, which has opened tremendous investment opportunities across the sectors.
