The steel sector, often regarded as the backbone of India’s economy, continues to reinforce the nation’s march towards its ambitious 2047 vision of becoming a developed country.
Reflecting the strength of domestic industries and the vibrancy of infrastructure development, India’s emergence as the world’s second-largest steel producer over the past three years underlines a pivotal transformation in the country’s industrial landscape.At a recent industry event, it was emphasised that the steel industry is not only an enabler of economic growth but a central pillar of the Atmanirbhar Bharat initiative. From the awe-inspiring Chenab Bridge in Jammu and Kashmir to the rejuvenated Pamban Bridge in Tamil Nadu, India’s massive strides in infrastructure development have showcased the critical role steel plays in building a modern, resilient Bharat. Every railway track laid, every industrial hub established, and every bridge constructed tells a larger story of a country confidently shaping its destiny.
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The rapid acceleration of India’s steel production is intrinsically tied to the robust foundation laid by the coal and mines sectors. The strategic importance of a secure supply chain for raw materials such as iron ore, coking coal, limestone, manganese, nickel, and chromium has become increasingly clear. As domestic industries scale up, ensuring sustainable and consistent access to these resources is critical not just for economic stability, but for maintaining the momentum needed to meet India’s future urbanisation and industrialisation needs sustainably.
Further bolstering this narrative is India’s remarkable achievement in the coal sector, having produced and dispatched a record one billion metric tonnes in the last financial year. This milestone is a significant leap towards enhancing the nation’s energy and steel security, ensuring that industrial activity continues without disruption.
While renewable energy adoption is being aggressively promoted to reduce carbon footprints, coal still meets approximately 60% of India’s total energy needs and 79% of its power demands. Thus, a balanced and pragmatic approach towards both traditional and green energy sources remains vital in the current context.The steel sector’s performance is not just a statistic but a reflection of India’s larger aspirations for economic resilience, urban sustainability, and global competitiveness. As the nation aspires to create equitable, eco-friendly cities and robust industrial corridors, the growing strength of its steel industry offers both a foundation and a beacon of progress. The journey towards 2047 will demand innovations that blend economic development with environmental responsibility, ensuring that India’s steel story is one of both strength and sustainability.
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Steel sector drives Indias growth journey
