New Delhi: The Union Minister of Steel and Civil Aviation, Jyotiraditya M. Scindia on Tuesday urged the Indian steel industry to move towards green and low carbon emitting production processes. Speaking at the launch of Kalyani Group’s first green steel brand ‘Kalyani FeRRESTA’ in New Delhi, the hon’ble minister emphasized on the growing role of steel as the foundational force for the development of a nation.
Minister Scindia added that as the fifth largest economy and second largest producer of steel, India needs to also become a responsible and sustainable producer of steel. Talking about the enhanced consumption and production capacities of the nation, the minister said that “We have ambitious expansion plans of doubling our production capacity by 2030 from the current level of 154 MT to 300 MT, as also envisaged in National Steel Policy 2017”.
He also shared that through strategic policy interventions, the government has resolved to bring down carbon emissions by 2030 and strengthen the country’s commitment towards producing green steel. He said that the government and other stakeholders need to work together to decarbonise the industry by ensuring increased use of renewable energy, efficient raw materials like scrap and pellets, best available technologies and green hydrogen.
The occasion was graced by the presence of Additional Secretary, Ministry of Steel, Ruchika Chaudhry Govil and other senior dignitaries of the Ministry and the fraternity.