Coastal shipping could save steel firms Rs6,500 cr annually

摘要

The Centre's port-led development programme Sagarmala can help domestic steel sector save up to Rs6,500 crore annually by using coastal shipping route for transportation of goods and raw materials. Traditionally, steel plants in India are set up near the raw material source, with, almost 85 per cent of the capacity following this pattern, a government report on the Sagarmala project said.