The Indian government is embarking on a significant initiative, the Green Steel Mission, with an investment of Rs 15,000 crore to combat carbon emissions from the steel industry, a major contributor to India's emissions. This mission includes incentives like the Production Linked Incentive (PLI) for Green Steel and renewable energy incentives. Additionally, there is a mandate for government bodies to purchase green steel, promoting sustainable practices in the sector. To achieve decarbonization in steel production, the Steel Ministry is working closely with the Ministry of New and Renewable Energy on the National Green Hydrogen Mission. This collaboration aims to expand the use of green hydrogen in steel-making processes. The allocated budget for funding pilot projects in this area is Rs 455 crore until FY2029-30. The government's efforts also extend to reducing reliance on speciality steel imports through the PLI scheme, which has attracted significant investments from companies. By October 2024, companies had invested Rs 17,581 crore, creating over 8,660 jobs. Despite the growing reliance on imported coking coal, particularly from Australia, India is taking steps to diversify its imports. The share of coking coal from Russia is progressively increasing, indicating a strategic move to avoid dependency on a single supplier and enhance supply chain resilience.