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The Government has drafted a National Steel Policy after consultation with the various stakeholders. The basic objective of the National Steel Policy (NSP) is to prepare a roadmap for the Indian Steel Industry in its journey towards reform, restructuring and globalization. The long-term goal of the NSP is that India should become self-reliant and globally competitive in the steel sector. In the proposed National Steel Policy it has been estimated that in order to become self reliant and globally competitive in the steel sector the country would require indigenous production of over 100 million tones of steel per annum by 2020 from the 2004 level of 35 million tones. In order to achieve the goal of over 100 million tones of steel production by 2019-20 the NSP seeks to remove the supply-side constraints to the growth of this industry in an open, globally integrated and competitive environment.
This information was given by the Minister of Chemicals & Fertilizers and Steel, Shri Ram Vilas Paswan in a written reply to a question in Rajya Sabha today.
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