Steel Consumption in India to Jump

Release time：Nov 08, 2019 From：admin

ndia’s Steel Minister Mr Dharmendra Pradhan said that steel consumption in India is set for a quantum jump and investors should come forward and become a partner in the India's growth story. He said "There is a strong positive correlation between steel usage and a nation's economic growth. As India embarks on its next trajectory of growth fuelled by the government's focus on building infrastructure for future, creating smart cities, industrial corridors and so forth, the steel consumption in the country is set for a quantum jump. India's economic growth will be driven by heavy investment in infrastructure, digital economy and job creation in small and medium firms. Our initiatives such as 'Make in India' aim to support and encourage domestic value addition. Our government has been making concerted efforts to make India an attractive investment destination for businesses by providing investment-friendly governance. Political stability, predictable policies and a huge diverse market make India an attractive investment destination for global investors."

He was addressing an event organized by International Chromium Development Association