Ministerial Meeting of Global Forum on Steel Excess Capacity at Tokyo

Dharmendra Pradhan @dpradhanbjp – Minister of Steel :

  • Addressed the Ministerial Meeting of Global Forum on Steel Excess Capacity at Tokyo. Shared my views on global cooperation in steel industry to improve our understanding of problems of global steel excess capacity.
  • Pursuing more than a billion dreams, India is committed to spend about US $1.4 trillion on infrastructure development in the next 5 years.
  • We are also determined to raise the per capita consumption of steel from our current low of 72 kg per capita to 158 kg per capita by 2030 according to our policy of 2017.
  • India’s demand for steel shall be a driver of its capacity expansion. Our steel sector is deregulated and is driven by market forces. We do not contribute or suffer from excess capacity and are mindful and conscious of the problems, which originate from it.
Pic Credit: @dpradhanbjp

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