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India plans new steel policy targeting green specialty and less imports by 2035 and 2047
Economy
Published on 13 May 2026
Aggressive green steel targets could reshape imports
India is working on a new steel policy that aims to reshape the sector by 2035 and 2047. The plan sets ambitious production goals for green, specialty and stainless steel, pushing the industry toward higher quality while reducing reliance on imports. The policy is positioned as a shift from volume growth to value, sustainability and stronger domestic supply chains.
- New policy targets green specialty and stainless steel by 2035 and 2047
- Aggressive production goals aim to improve quality, not just output
- Main thrust is cutting import dependence
- Focus shifts toward sustainable and premium steel growth
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times