India's steel capacity hits 222 MTPA, targets 300 MTPA by 2030
UPSC / SSC current affairs note · Economy
Why in news
India's crude steelmaking capacity has reached 222 million tonnes per annum (MTPA), marking progress towards the 300 MTPA target by 2030. The Ministry of Steel highlighted key projects like the Bhilai plant expansion and a new slurry pipeline for Bokaro to boost production.
Background
India is the world's second-largest steel producer. The National Steel Policy 2017 set a target of 300 MTPA capacity by 2030-31. Recent initiatives focus on capacity expansion and green steel certifications.
Key facts
India's crude steelmaking capacity has reached 222 MTPA.
The target is 300 MTPA by 2030.
Key projects include Bhilai plant expansion and a new raw material slurry pipeline for Bokaro.
There is a push for green steel certifications.
The Ministry of Steel is driving these initiatives.
Prelims pointers
- 222 MTPA: current crude steelmaking capacity
- 300 MTPA: target capacity by 2030
- National Steel Policy 2017
- Bhilai Steel Plant expansion
- Bokaro Steel Plant slurry pipeline
- Green steel certifications
Mains angles
- Discuss the role of the steel sector in India's economic growth and infrastructure development.
- Critically examine the challenges in achieving the 300 MTPA target by 2030, including environmental concerns and raw material availability.
- Evaluate the government's initiatives to promote green steel and sustainable production.