India targets 604 million tons of steel capacity by 2047, eyes lower emissions

 India plans to significantly increase its steelmaking capacity to meet future demand for infrastructure and manufacturing. The government aims to reduce the steel industry’s carbon-emission intensity by nearly 39 percent by 2047. To achieve this goal, India will secure raw materials through overseas investments and joint ventures. The draft policy includes measures for diversifying sourcing to mitigate supply risks. India plans to significantly increase its steelmaking capacity to meet future demand for infrastructure and manufacturing. The government aims to reduce the steel industry’s carbon-emission intensity by nearly 39 percent by 2047. To achieve this goal, India will secure raw materials through overseas investments and joint ventures. The draft policy includes measures for diversifying sourcing to mitigate supply risks.