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India overtakes US as 3rd largest steel producer: Tomar


  • The Union Steel & Mines Minister Narendra Singh said Indian steel industry is growing at a reasonably good pace and last year the growth in crude steel production in India was more than 8%.
  • He added India is working towards achieving 300 million tonnes (MT) target in the next 10 years.
  • India has fixed a target of 300 MT production capacity by 2025 and the steel ministry is working out action plan and strategies to achieve this target.
  • Secretary Mines Balvender Kumar informed the members that the Mines and Minerals Act, 2015 would address the emergent problems in the mining industry.
  • On provisions to check illegal mining, minister said, all offences under the Act will now be subject to a maximum punishment of 5 years imprisonment or fine of Rs 5 lakh per hectare.

Source: ET

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