India aims for 604 million tons steel capacity by 2047, plans emission cuts

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India plans to boost its steelmaking capacity to 604 million tons by 2047 to meet infrastructure and manufacturing demand. The government concurrently targets a reduction in the industry's carbon-emission intensity by nearly 39 percent by the same year. To achieve these goals, the strategy includes securing raw materials through overseas investments and joint ventures. A draft policy also outlines measures to diversify sourcing in order to mitigate supply chain risks.

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