India to achieve steel production capacity of 300 million tonnes by 2030

IANS April 20, 2025 331 views

India is set to dramatically expand its steel production capacity to 300 million tonnes by 2030, demonstrating significant industrial ambition. The government's Production Linked Incentive (PLI) scheme has already attracted substantial investments in specialty steel. Prime Minister Narendra Modi will address the upcoming India Steel 2025 conference, highlighting the sector's strategic importance. International collaborations and technological exchanges are expected to play a crucial role in achieving these ambitious targets.

"Our steel sector is poised for transformational growth" - Ministry of Steel Official
India to achieve steel production capacity of 300 million tonnes by 2030
New Delhi, April 20: India is on a trajectory to achieve steel production capacity of 300 million tonnes (MT) and a per capita consumption of 160 kg by 2030, according to the government.

Key Points

1

India plans 300MT steel production capacity by 2030

2

PLI scheme attracts ₹17,000 crore investments

3

Global steel leaders to convene at India Steel 2025 conference

4

Strategic international partnerships driving sector expansion

In FY25 (April to December period), the production of crude steel stood at 110.99 MT and finished steel stood at 106.86 MT.

Also, the production-linked incentive (PLI) scheme 1.1 for specialty steel has witnessed investment commitments worth Rs 17,000 crore in the second round, according to the government. The expansion of the scheme is expected to further enhance India’s global competitiveness in specialty steel production.

Keeping this ambitious growth in the steel sector in mind, the ‘India Steel 2025’ is set to take place next week in Mumbai to unlock new opportunities for inter-state and international collaboration, facilitate knowledge exchange, and showcase India’s policy reforms and infrastructure initiatives aimed at enhancing the ease of doing business across the steel value chain.

Prime Minister Narendra Modi is scheduled to address the global steel industry event through video conferencing on April 24.

The event will also have a presence of global Industry leaders and senior foreign dignitaries leading high-level delegations, including the Deputy Minister of Industry and Trade of Russia, the Ambassadors of Australia, Mozambique, and Mongolia, reflecting the deepening international engagement and strategic cooperation in the steel sector.

With more than 12,000 business visitors, 250 exhibitors, and 1,200 conference delegates representing various sectors, government departments, state governments, country delegations, and domestic and international buyers from India and abroad, the conference would be one of the biggest steel events globally.

Country-specific sessions involving key steel-producing nations, including South Korea, Sweden, Australia, and Mongolia. These discussions will explore joint research, technology transfer, and resilient supply chains to de-risk India’s steel production and drive global competitiveness.

Reverse Buyer-Seller Meet will also be held to facilitate trade opportunities and foster new business engagements, according to the Ministry of Steel.

—IANS

Reader Comments

R
Rajesh K.
This is fantastic news for our economy! More steel production means more jobs and infrastructure development. 🇮🇳 The 300 MT target shows real ambition - hope we can achieve it while keeping environmental concerns in mind.
P
Priya M.
Impressive numbers, but I wonder about the environmental impact. Will there be enough focus on sustainable production methods? The conference should address this too.
A
Amit S.
The international collaborations sound promising! Technology transfer from countries like Sweden could really boost our specialty steel production. Looking forward to seeing concrete outcomes from this event.
S
Sunita R.
My husband works in a steel plant - this expansion means more stability for our family. Hope the growth benefits workers directly with better wages and conditions too 🙏
V
Vikram J.
While the targets are ambitious, I hope the government ensures fair competition. Smaller steel producers shouldn't get squeezed out by big players in this expansion.
N
Neha P.
The PLI scheme seems to be working well! Rs 17,000 crore investment is no small amount. Makes me proud to see India becoming a manufacturing powerhouse 💪

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Leave a Comment

Your email won't be published


Disclaimer: Comments here reflect the author's views alone. Insulting or using offensive language against individuals, communities, religion, or the nation is illegal.

Tags:
India Steel Production Narendra Modi Steel Capacity Manufacturing PLI Scheme Global Steel Conference
You May Like!