Steel ministry plans to invest $70 billion in East India

Union Minister Dharmendra Pradhan recently said the steel ministry is looking at an aggregate investment of $70 billion in the eastern region of the country through accelerated development of the sector.

Launching the 'Purvodaya' program here, Pradhan said the underdeveloped districts in West Bengal, Chhattisgarh, northern Andhra Pradesh, Jharkhand and Odisha have to be taken forward for development of the steel sector. The eastern region with rich mineral resources has a great potential for development of the steel industry, he said, adding that Bihar needs to be included in the list.

According to the National Steel Policy announced in 2017, the government is aiming at a total production capacity of 300 million tonne by 2030 and out of which, around 200 million tonne is envisaged from the five eastern states, he said.

.Asian Metal Copyright Launching the 'Purvodaya' program here, Pradhan said the underdeveloped districts in West Bengal, Chhattisgarh, northern Andhra Pradesh, Jharkhand and Odisha have to be taken forward for development of the steel sector.Asian Metal Copyright