Centre to mandate local steel use for infra projects

摘要

Wants to triple local production over next decade; move to boost sales of domestic companies India may soon mandate the use of local steel in government infrastructure projects worth billions of dollars, sources said, pitching it as a WTO-compliant protectionist measure aimed at further cutting cheap imports, mainly from China. The government expects the move to boost sales of local companies such as JSW Steel and Tata Steel, and eventually attract global steelmakers such as ArcelorMittal and Posco to invest in the country, according to steel ministry sources.