(PTI)
Union Steel Minister Dharmendra Pradhan on Monday urged Japanese investors to invest in India’s steel sector, saying the country offers a fast-growing market and steel consumption will more than double in the coming years. Pradhan also assured investors that India will provide necessary support to facilitate them in setting up businesses.
He was speaking at a ‘Workshop on Enabling Procedures for Increase of Steel Usage for the Growth of Economy’ event organised by jointly ministry of steel, industry body CII and Ministry of Economy, Trade and Industry, Japan.“We are here to discuss topics such as increase of steel usage in India, market in India, economic growth. … we (India) aim to become a USD 5 trillion economy by 2024-25. India would spend about Rs 100 lakh crore on infrastructure. All this will result in increased use of steel,” he said while addressing the participants.
