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Home » News » Government aims to produce 300 million tonnes of iron ore by 2030

Government aims to produce 300 million tonnes of iron ore by 2030 

By | April 18, 2022 7:33 pm SHARE

Government aims to produce 300 million tonnes of iron ore by 2030 
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Speaking during the inauguration of the conference A day long National Conference on “Making India Atmanirbhar in Steel – Role of Secondary Steel Sector”, Ram Chandra Prasad Singh, Union Minister of Steel, Government of India, mentioned the suggestions from the industry will be considered and seamless, transparent and flexible process is the avowed aim of the Government of India. 

Strategy needs to be devised to reach target of 300 million tonnes by 2030 and 500 million tonnes by 2047. The Minister said that increase of Iron ore production and other needed raw materials need proper strategic directions with suitable policy support. There is an urgent need to move towards green steel and Hon’ble PM has ambitious vision on Hydrogen. Iron and steel industry will be big beneficiary as coal can be replaced by Hydrogen and our dependency on import of coal also will reduce. 

The Conference was organised to provide a platform to players in the Secondary Steel sector to share their views on the challenges faced by the sector and ways in which the ministry can create an ecosystem in which the industry can thrive. Government of India is working towards creating a Vision for India @ 2047. Towards this, it is expected that the companies will offer their inputs which can provide basis for plan of action towards achieving the goals of Vision @ 2047. Industry representatives will also give their feedback on the ProductionLinked Incentive (PLI) scheme for the steel sector. 

Representatives from the key players of secondary steel sector in India are presenting before the august gathering the issues related to the sector and the way forward in achieving goals of the sector. 

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