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India may make local steel mandatory in govt infra projects – source
12:30 CAT | 03 May 2017
Reuters (File photo) / Labourers work inside a steel factory in Agartala, capital of India's northeastern state of Tripura, October 13, 2009.
The Indian cabinet may clear a proposal on Wednesday to make usage of local steel mandatory for government’s infrastructure projects, an official with direct knowledge of the matter said, aimed at boosting sales of local companies and global steel makers’ investments.
The ministry’s flagship National Steel Policy, which seeks to outline a roadmap to increase the country’s annual steel production to 300 million tonnes by 2025, is also expected to be passed in the cabinet, the official told Reuters.
Source: Reuters
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