Indian Steel Association Advocates for Logistics Roadmap to Boost Steel Capacity
ISA seeks logistics roadmap as India targets 300 mtpa steel capacity
Business Standard
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A delegation from the Indian Steel Association (ISA), led by Naveen Jindal, met with Odisha's Chief Minister to propose a dedicated logistics roadmap. This initiative aims to increase the state's steel production to 100 million tonnes per annum, contributing to India's goal of 300 million tonnes by 2030, requiring substantial investments and improved infrastructure.
- 01ISA seeks a logistics and infrastructure roadmap for Odisha's steel production.
- 02Target is to increase Odisha's capacity to 100 million tonnes per annum.
- 03India aims for 300 million tonnes per annum steel capacity by 2030.
- 04Investment of over ₹10 trillion is needed for expansion.
- 05Domestic steel demand projected to reach around 190 million tonnes by 2030.
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The Indian Steel Association (ISA), led by president and Lok Sabha MP Naveen Jindal, met with Odisha's Chief Minister Mohan Charan Majhi to discuss a logistics and infrastructure roadmap aimed at boosting the state's steel production to 100 million tonnes per annum (mtpa). This initiative is part of India's broader goal to achieve 300 mtpa of installed steel capacity by 2030 under the National Steel Policy. The ISA emphasized the need for fiscal incentives and assured raw material linkages to attract necessary investments, which are estimated to exceed ₹10 trillion (approximately $120 billion USD). The delegation highlighted Odisha's pivotal role in India's steel sector, urging the government to address logistical challenges, particularly in rail and evacuation infrastructure. With domestic steel demand expected to reach 190 mtpa by 2030, driven by sectors like construction and automotive, the ISA's proposals are crucial for sustaining growth and ensuring raw material security.
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The proposed logistics roadmap and fiscal incentives could significantly enhance Odisha's attractiveness for steel investments, potentially leading to job creation and economic growth in the region.
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