India will miss its forecast steel targets in 2030, but the sector should continue to grow on increased government spending, Tata Steel chief executive T.V. Narendran said during Fastmarkets Steel Success Strategies 2020 virtual conference on October 26-28
During a Q&A session Narendran was asked to comment on the future of the Indian steel market and production as well as the sustainable growth rate for India over the next decade.Going forward, however, Narendran points to the Indian government spending far more on infrastructure than it has done in the past, even over the last five years. There has been more spending on infrastructure in India than at any time before that and over the next 10 years, the government is expecting and hoping to...