The Metal industries are among the most important industries in India. India’s iron and steel export during between April-January 2019-20 stood at US$ 7.96 billion. The Government of India is taking steps boost the country’s domestic steel sector and raise its capacity to 300 million tonnes (MT) by 2030-31. To improve productivity and acquire technical know-how to produce high-end steel, some steel producers have signed strategic alliances with their global counterparts.
Overall, there is an inherent optimism about the India growth story and it is expected that domestic consumption will be the key demand driver in the sector.
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