HomeBricks & MortarGovt Stays Committed to 300MT Steel Production by 2030

Govt Stays Committed to 300MT Steel Production by 2030

Govt Stays Committed to 300MT Steel Production by 2030

In a reaffirmation of the government’s ambitious steel sector goals, Union Minister for Heavy Industries and Steel, HD Kumaraswamy, on Monday underscored the commitment to achieving a target of 300 million tonnes (MT) of steel production by 2030. This aligns with Prime Minister Narendra Modi’s broader vision of an Atmanirbhar Bharat, which focuses on self-reliance and boosting domestic manufacturing capabilities.

Kumaraswamy, who visited the Bokaro Steel Plant (BSL) in Jharkhand, was accompanied by Minister of State Bhupathiraju Srinivasa Varma and SAIL (Steel Authority of India Limited) Chairman Amarendu Prakash. During his visit, the minister reviewed the plant’s advanced 3D mapping and safety protocols. He also highlighted the significant role BSL plays in contributing to the nation’s defence sector, as it produces high-quality DMR (Defence Military Requirements) plates that are vital to India’s defence needs. This is in line with the government’s ongoing focus on strengthening domestic defence manufacturing under the Atmanirbhar Bharat initiative.

The 300MT steel production target, set for 2030, forms a cornerstone of India’s efforts to expand its steel manufacturing capacity and reduce dependence on imports. This ambitious goal is expected to position India as a global leader in steel production, aligning with the country’s broader economic and industrial growth trajectory. The visit to Bokaro Steel highlights the critical role of public-sector plants like SAIL in realising these objectives. By leveraging technology and enhancing production capacity, plants such as BSL are poised to play a pivotal role in not only meeting domestic demand but also fulfilling the needs of strategic sectors like defence and infrastructure.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Abu Dhabi Fund for Development Starts Luxury Hotel Project in Egypt

Abu Dhabi Fund for Development Starts Luxury Hotel Project in Egypt

Abu Dhabi Fund for Development Starts Luxury Hotel Project in Egypt Abu Dhabi Fund for Development (ADFD) has launched a five-star luxury hotel project near...
CREDAI MCHI Welcomes Maharashtra Budget for Real Estate Growth

CREDAI MCHI Welcomes Maharashtra Budget for Real Estate Growth

0
CREDAI MCHI Welcomes Maharashtra Budget for Real Estate Growth Maharashtra’s latest budget has delivered a significant boost to the real estate sector, underpinned by strategic...

Shirdi Welcomes Its First Net-Zero Carbon Retreat

0
Shirdi Welcomes Its First Net-Zero Carbon Retreat Eco Hotels and Resorts Limited is set to redefine sustainable hospitality in Shirdi with the launch of 'The...

Ahmedabad Embraces Vertical Growth with New Towers

0
Ahmedabad Embraces Vertical Growth with New Towers Ahmedabad is experiencing a seismic shift in its urban landscape, with skyscrapers rapidly reshaping the skyline. This transformation,...
Mumbai SRA Project Exit Earns Build Capital 19.76% IRR

Mumbai SRA Project Exit Earns Build Capital 19.76% IRR

0
Mumbai SRA Project Exit Earns Build Capital 19.76% IRR Mumbai SRA project has delivered a strong financial outcome for Build Capital, as the firm successfully...