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Steel Minister urges Japanese investors to invest in India's steel sector
Feb-25-2020

Underlining potential like the country offers a fast-growing market and steel consumption will more than double in the coming years, Union Steel Minister Dharmendra Pradhan has urged Japanese investors to invest in India's steel sector. Pradhan also assured investors that India will provide necessary support to facilitate them in setting up businesses.

Pradhan also highlighted the Prime Minister Narendra Modi’s vision of 5 trillion dollar economy and added that various policy reforms and Government’s initiatives like Pradhan Mantri Awas Yojana, Har Ghar Jal Yojana, unprecedented speed of construction in railways and roads, creation of a gas based economy, creation of new agri-storage facilities and many others are set to drive steel demand growth.

The minister also stated that in the next 20 years, India is set to be the largest energy market in the world. He said $60 billion is being invested in creation of energy infrastructure in the country and noted that addition of about 16,000 kms of gas pipelines will further give boost to steel demand.

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