Govt wants India to be 2nd largest steel producer
Centre will be spending Rs 62,000 crore to improve the production capacity of steel units in the country.
Union Minister for Steel Birender Singh said the Centre is making all efforts boost steel production so that India could become the second largest steel producer in the world.
"The central government has started taking steps to boost the country's steel production. Rs 62,000 crore will be spent to enhance the production capacity of steel manufacturing plants.
"India is at present the third largest steel producer in the world. The Centre is taking steps so that it can grab the second spot in the next two-three years," Singh said at a consumer's meet here.
The Steel Ministry has set a target of producing 200 million tonnes of steel next year, he said.