Steel sector growth vital for massive investments in infra: Piyush Goyal

Posted under: MSME
Date: 2023-11-08
Steel sector growth vital for massive investments in infra: Piyush Goyal

In the 4th edition of the 'ISA Steel Conclave 2023', Commerce & Industry Minister Piyush Goyal emphasized India's trajectory toward massive infrastructure investments to accommodate the burgeoning population. The minister stressed the critical role of steel in this pursuit, setting an ambitious target of producing 300 million tons annually by 2030. Goyal also addressed concerns around the carbon border adjustment mechanism (CBAM), assuring that the government is actively engaging with the EU and the WTO to advocate fair treatment for Indian producers and exporters. He underscored the industry's significance in fostering self-reliance, highlighting its substantial contribution to the national GDP and job creation. India's steel minister supports MSME segment, emphasizes quality standards, intellectual property, and value addition in trade agreements, reassures stakeholders, and aims for ambitious steel production targets.