Union Cabinet Clears New National Steel Policy

Posted on:04 May 2017 12:21:02
Union Cabinet Clears New National Steel Policy
04 May 2017 Current Affairs:

  • The Union Cabinet approved for National Steel Policy (NSP) 2017 to encourage the steel sector.

  • The policy aims to enhance domestic steel consumption and transform Indian steel industry into a technologically advanced and globally competitive steel industry.

  • This new policy aspires to achieve 300 million tonnes of steel making capacity by 2030.

  • India ranks third largest producer of steel globally.


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