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India to become 2nd largest steel producer by 2018: Steel Minister

India to become 2nd largest steel producer by 2018: Steel Minister

Wednesday, April 5, 2017, 9:32 PM

India is poised to emerge as the second largest producer of steel (in the world) by 2018, steel minister Chaudhary Birender Singh has said. The government is keen to boost the domestic steel sector. As part of this initiative, the budget this year had outlined an investment of Rs 4 lakh crore on infrastructure that is expected to raise consumption of steel substantially.
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