Mumbai, NFAPost: Prime Minister Narendra Modi exhorted that the Indian steel industry’s goal should be zero import and net export.
Inaugurating virtually the 6th edition of India Steel 2025 at the Bombay Exhibition Centre in Mumbai, Prime Minister said India has set a goal of 300 MT steel capacity by 2030.
“The Indian steel industry’s goal should be zero import and net export. Our capacity needs to be enhanced to 500 million tonne by 2047. To achieve this target, the Indian steel industry should be future ready. Also, I request both private and public sectors to nurture and develop new ideas for R&D, manufacturing of steel,” said Prime Minister Narendra Modi.
The biennial international steel industry exhibition and conference will bring together leading stakeholders from across the global steel value chain to discuss the future trajectory of the sector, with a sharp focus on growth, sustainability, resilience, and innovation.
Prime Minister also pointed out that the government projects are only using made-in-India steel, which will fuel the growth of the industry.
“PM Gati Shakti is helping the steel industry connect different areas of India and PM Awas Yojana is helping make homes across India. In these two schemes we are using only made-in-India steel,” said Prime Minister Narendra Modi.
He also pointed out that the Indian steel industry is on the cusp of techtonic shift as the sector is the foundation of India’s Vikasit Bharat vision. Prime Minister also highlighted that India’s race to achieve $5 trillion economy target is supported by the steel industry.
Union Minister of State for Steel and Heavy Industries Bhupathi Raju Srinivasa Varma, Hon’ble Chief Minister of Maharashtra Shri Devendra Phadnavis and Hon’ble Chief Minister of Chattisgarh Shri Vishu Deo Sai.
The three day conference will see presence of high-level participation from various Central Ministries and States including Chief Ministers and Union Ministers indicating the critical importance of steel as an important clog in the wheel of Atmanirbhar Bharat.
Minister of State for Steel and Heavy Industries Bhupathi Raju Srinivasa Varma. The event will have key sessions of the conference, reflecting the multi-sectoral relevance of steel in India’s economic and industrial strategy.
Senior officials of the Government of India, including Secretary, Ministry of Electronics and Information Technology (MeitY), Secretary, Ministry of Steel and Secretary, Ministry of Coal will also chair key sessions during the event.
The event will also have a presence of global Industry leaders and senior Foreign dignitaries leading high-level delegations, including the Deputy Minister of Industry and Trade of the Russian Federation, Ambassadors of Australia, Mozambique, and Mongolia, reflecting the deepening international engagement and strategic cooperation in the steel sector. And more than 12,000 business visitors, 250 exhibitors, and 1,200 conference delegates.
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