Steel sector needs $210-bn investment

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Reuters Reuters
SummaryA dedicated funding agency on the lines of PFC is needed for the sector to ensure the funds-flow...

India needs investment of $210 billion over the next decade to achieve the steel production capacity of 300 million tonnes per annum by 2025 from the current 90 MT, according to Steel Authority of India CMD CS Varma.

A dedicated funding agency on the lines of PFC is needed for the sector to ensure the funds-flow for the capacity expansion, he said, on the sidelines of a programme on Saturday.

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