India's Greenfield steel projects stranded in its tracks

摘要

Inndia's efforts to maintain it's rapid economic growth rate will depend largely on it's Greenfield projects. The rising demand for steel in domestic markets as well as in the international markets have made the steel prices soar up in recent years. The Indian steel industry is receiving huge domestic and foreign investments in Greenfield projects in the steel sector. However, other than the already planned steel plant projects, most of the proposed steel Greenfield projects in the country are struggling. Development of greenfield steel projects in India has virtually come to a standstill. Many of these projects have stagnated due to issues like land acquisition, MoEF clearances, rehabilitation and political interference.