India's Green Steel Mission: A Step Towards Sustainable Steel Production
Key Ideas
  • The Ministry of Steel in India is launching the 'PLI scheme 1.1' for the steel industry to attract more investments and enhance production of specialty steel for critical sectors.
  • The 'Green Steel Mission' with an estimated cost of Rs 15,000 crore aims to reduce carbon emissions and achieve the Net Zero Target, promoting environmental sustainability in the industry.
  • The National Green Hydrogen Mission integrates the steel sector into producing and using green hydrogen, contributing to decarbonization efforts within steel production.
  • India is formulating a global strategy to position itself as a leader in the steel industry, focusing on collaboration in raw materials, investments, technologies, and steel exports.
The Ministry of Steel and Heavy Industries in India is taking significant steps towards sustainable steel production and reducing carbon emissions through initiatives like the 'PLI scheme 1.1' and the 'Green Steel Mission.' The PLI scheme has already attracted substantial investments, leading to increased employment and production of specialty steel crucial for aerospace, defense, power, and automotive sectors. The Green Steel Mission, with its focus on reducing carbon emissions and promoting the use of renewable energy, aligns with the global target of achieving net zero emissions. The National Green Hydrogen Mission, spearheaded by the Ministry of New and Renewable Energy, involves the steel sector in producing and utilizing green hydrogen, further contributing to decarbonization efforts in steel manufacturing. Various reports and policies released by the Ministry emphasize the importance of green steel production and resource efficiency. Additionally, the Indian government is working on positioning the country as a significant player in the global steel industry by formulating a strategic outlook with a focus on raw materials, investments, technologies, and steel exports. This collaborative approach aims to enhance India's domestic steel capabilities while fostering export opportunities. The integration of green initiatives and hydrogen technology showcases India's commitment to sustainability and innovation in the steel sector.
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