JSW Group, led by Chairman Sajjan Jindal, has unveiled plans to invest Rs 50,000 to Rs 60,000 crore in constructing a 10 million tonnes per annum green steel plant in Salav, Raigad, Maharashtra. This investment aims to cater to the growing demand for low-carbon steel in Europe, which is increasingly focusing on reducing carbon emissions. The plant is strategically designed to comply with the European Union's Carbon Border Adjustment Mechanism that levies a carbon cost on imports, thereby promoting sustainable practices. Initially relying on natural gas, the plant is future-proofed with plans to transition to hydrogen as demand for zero-carbon steel rises. This shift showcases JSW Group's commitment to sustainable manufacturing. Sajjan Jindal highlighted India's favorable position amidst global trade changes, foreseeing a scenario where India emerges as a significant player independently from China in various sectors. Furthermore, Jindal hinted at JSW Group's upcoming ventures in the electric vehicle industry, aiming to produce top-quality, technologically advanced, yet affordable cars and battery cells. The collaboration with Korean and Chinese tech partners indicates a strategic move towards innovation and staying competitive in the evolving automotive market. Overall, JSW Group's investment not only signifies a leap towards eco-friendly steel production but also underlines their ambitious plans for future growth and diversification.