Investment in
Steel Sector
Steel being a de - regulated
sector, the Government acts as a facilitator, by creating enabling environment for
development of the sector. National Steel Policy, 2017 has mission to provide environment
for attaining “self sufficiency” in steel production by
providing policy support and guidance to steel producers. Further, the action taken
includes the following:-
i. A Project Development Cell (PDC) has been
established in the Ministry which is engaged in identifying projects to facilitate
new investments, evaluating the pipeline of projects and taking necessary steps
to fast-track their implementation.
ii. Notification of Production-Linked Incentive
(PLI) Scheme for Specialty Steel with an outlay of Rs.
6,322 Crore to promote the manufacturing of specialty steel within the country for
domestic use and export by attracting Capital investments.
iii. Participation in events like world expo held
recently in Dubai, interaction of Ministerial delegation with domestic steel users
in Japan, Korea, Russia to highlight the expertise of the steel sector in India
and showcase an array of investment opportunities as well as business potential
in India’s Steel sector.
iv. Make in India initiative and the PM Gati-shakti National Master Plan with further engagement with
potential users, including from Railways, Defence, Petroleum and Natural Gas, Housing,
Civil Aviation, Road Transport and Highways, Agriculture and Rural Development sectors
to enhance the steel usage, overall demand for steel and investment in steel sector
in the country.
v. Adjustments in Basic Custom Duty on steel
products and raw materials along with calibration of trade remedial measures like
Anti-dumping duty (ADD), Countervailing duty (CVD) on certain steel products to
enhance competitiveness of India’s steel sector.
India is the 2nd
largest producer of Crude Steel in the world. The details of production for the
last three years State wise and year-wise are given below: -
|
Crude Steel: State Wise Production ('000t) |
|||
|
State |
2019-20 |
2020-21 |
2021-22 |
|
Arunachal Pradesh |
29 |
0 |
69 |
|
Assam |
67 |
59 |
108 |
|
Bihar |
540 |
465 |
529 |
|
Jharkhand |
17209 |
15549 |
17094 |
|
Meghalaya |
92 |
37 |
56 |
|
Odisha |
20253 |
21432 |
23241 |
|
Tripura |
12 |
7 |
17 |
|
West Bengal |
7764 |
7076 |
8836 |
|
Chhattisgarh |
13534 |
13183 |
14900 |
|
Dadra and Nagar Haveli |
285 |
145 |
253 |
|
Daman and Diu |
46 |
40 |
46 |
|
Goa |
423 |
400 |
407 |
|
Gujarat |
8680 |
8403 |
9189 |
|
Madhya Pradesh |
438 |
369 |
569 |
|
Maharashtra |
8260 |
7925 |
11371 |
|
Delhi |
12 |
10 |
5 |
|
Haryana |
596 |
731 |
941 |
|
Himachal Pradesh |
864 |
766 |
1265 |
|
Jammu and Kashmir |
114 |
118 |
146 |
|
Punjab |
3310 |
2917 |
3663 |
|
Rajasthan |
749 |
589 |
621 |
|
Uttar Pradesh |
1198 |
1005 |
1197 |
|
Uttarakhand |
1077 |
950 |
991 |
|
Andhra Pradesh |
6539 |
5898 |
7096 |
|
Karnataka |
12875 |
11688 |
13045 |
|
Kerala |
304 |
253 |
325 |
|
Puducherry |
210 |
179 |
215 |
|
Tamil Nadu |
2505 |
2159 |
2633 |
|
Telangana |
1154 |
1192 |
1464 |
|
Total |
109137 |
103545 |
120294 |
Source: Joint Plant Committee (JPC)
This information was given
by the Minister of State for Steel, Faggan Singh Kulaste in a written reply in the Rajya
Sabha on 1 August, 2022.