NCLT is the only route for foreign players to enter domestic steel market

摘要

Despite the government's effort to push 'Make in India' and keep an ambitious target of 300 million tonne steel production, global steel producers might find entry into India only through the insolvency route. ArcelorMittal in tie up with Nippon Steel and Sumitomo Metal are strong contenders for Essar Steel, but this too is after none of the foreign companies could make any sizeable entry into the domestic market till date