The Government of India has proposed to revisit the existing National Steel Policy. It is at conceptual stage.

Based on the decision taken in the meeting of High Level Committee on Manufacturing held on 09.07.2013 to achieve the ambitious target of 300 Million Tonne Per Annum (MTPA) steel production capacity by 2025, a concept of Special Purpose Vehicle (SPV) was enunciated.

Four mineral rich states, namely, Chhattisgarh, Odisha, Karnataka and Jharkhand were identified for setting up of Integrated Steel Plants through SPV route, Memorandum of Understanding (MoU) has been signed with the State Governments of Jharkhand and Chhattisgarh.

The global glut and surge in the import prices of steel has adversely affected the domestic steel industry and it has resulted in erosion of profits of domestic steel companies and has resulted in Non- Performing Assets (NPAs) of domestic steel companies.

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