India aims to achieve a steel-making capacity of 300 million tonnes by 2030, requiring an investment of USD 120 billion.

The current steel capacity in the country is 180 million tonnes, meaning an additional 120 million tonnes is needed to meet the target.

If capacity additions are not made, India could become a net importer of steel.

To attract the necessary investments, the steel industry must demonstrate profitability, which amounts to approximately 10 lakh crores in Indian rupees.

These remarks were made during an event organized by Ficci, highlighting the urgency of addressing the investment gap in the steel sector.