Cabinet approves National Steel Policy 2017
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for National Steel Policy (NSP) 2017. The new Steel Policy enshrines(प्रतिष्ठापित करना) the long term vision of theGovernment to give impetus (प्रेरणा) to the steel sector. It seeks to enhance domestic steel consumption and ensure high quality steel production and create a technologically advanced and globally competitive steel industry. The NSP 2017 aims to achieve 300 million tonnes of steel-making capacity by 2030.