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Piyush Goyal sets 500 million tonne domestic steel output target by 2034
The Business Guardian
|September 06, 2024
Union Commerce and Industry Minister Piyush Goyal, speaking at the 5th ISA Steel Conclave in New Delhi, set a target of 500 million tonnes of steel production by 2034.
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He encouraged industry leaders to focus on economies of scale through decarbonisation, emphasising the growing demand for green steel.
According to the Ministry of Commerce and Ministry, Goyal offered three key recommendations for the domestic steel industry. First, he called for innovation in achieving low emissions, high productivity, and superior quality to position India as a leading global steel manufacturer.
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