India's resource governance system needs to ensure allocation of iron ore resources to all the steel producers, so that effective value addition can happen within the country and India will be less dependent on import of finished steel,
Tag: AV Amarnath
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Steeled for Success
In 2010, India was the world's fifth largest producer of crude steel, with domestic production growing at a rate of 9.5 per cent between 2000 and 2010. Even in 2010, the steel sector witnessed steady growth and exceeded the pre-crisis level.