PM: Carbon capture can power steel revolution
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New Delhi: Prime Minister Narendra Modi on Wednesday highlighted how carbon capture can power India’s next steel revolution as the country’s guided efforts towards Net Zero 2070 commitment, strategic investments, and hydrogen initiatives drive growth, global competitiveness, and lead the road to a Viksit Bharat.
PM Modi referred to an article by Union Steel Minister H.D. Kumaraswamy about India’s iron and steel sector being at a defining moment in its development journey. As the second largest crude steel producer in the world, with an output of around 152 million tonnes (MT) in FY 2024-25, the sector is fundamental to the country’s economic growth, infrastructure expansion and employment generation. With a target of achieving 300 MT of crude steel capacity by FY 2030–31 under the National Steel Policy 2017 and a longer-term vision of reaching 500 million tonnes by 2047, steel will remain central to India’s industrial and developmental aspirations.
The minister points out that at the same time, steel production is energy-intensive and emissions-intensive.
