Government Initiatives for the Iron and Steel Industry in India
Some important government initiatives for Iron and Steel Plants in India include:
- Certain guidelines have been approved for the specialisation of steel production which was linked to a production-linked incentive scheme in 2021.
- Mission Purvodaya was launched in the year 2020 for helping India’s eastern states for developing faster.
- The Government of India has allocated a budget of Rs. 39.25 crores to the Ministry of Steel in the Union Budget for the year 2020-21.
Iron and Steel Industry in India
The Iron and Steel Industry in India is one of the most important industries and as of January 2019, India has overtaken Japan as being the world’s second-largest producer of steel. The crude steel production in India is 106.5 tonnes.
Table of Content
- Iron And Steel Industry in India
- Structure of the Iron and Steel Industry in India
- Distribution of Iron and Steel Industry in India
- Major Iron and Steel Plants in India
- Mini Steel Plants
- Government Initiatives for the Iron and Steel Industry in India
- Significance of the Iron and Steel Industry in India