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Home / Politics / Policy /  CII calls for new agenda for next govt to boost steel production

New Delhi: The Confederation of Indian Industry (CII) has called for a comprehensive agenda for the new government to accelerate growth in the steel sector, by building capacity for 300 million tonnes per annum (MTPA) by 2025.

Speaking at a CII meeting on Thursday, C.S. Verma, chairman of CII’s National Committee on Steel, listed the key focus areas as ensuring availability of iron ore and coal mines to existing steel plants, improving viability of the alloy and stainless steel sector, and rationalising the railway freight structure so that there is no cross-subsidisation. Verma is also the chairman of Steel Authority of India Ltd. (SAIL).

To achieve the target of 300 MTPA by 2025, the industry will put forth its recommendations to the new government through a paper in the next seven to 10 days. Verma said that though there are adequate resources of iron ore and coal available in the country, ironically, ensuring uninterrupted availability of these two key raw materials for the industry remains a challenge.

“India’s coking coal potential must be unleashed for the steel industry in the national interest. Also, there is a need for faster environmental and forest clearances on a single window basis," he said.

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