Under the policy, India is aiming to grow its steel production capacity from 100MT now to 300MT by 2030, as well as increase the use of steel in the infrastructure, automobile and housing markets.
To support its goals, India is seeking raw materials not available in the country, such as metallurgical coal, liquefied natural gas, refractory materials and limestone.
It is also looking for energy-efficient, environmentally friendly technology and services, including solutions that support the beneficiation of high-ash coal and iron ore, and ultra-low CO2 emitting steel-making technologies that could leverage thermal coal.
The policy will be administered by the Steel Research and Technology Mission of India (SRTMI), which will also lead research and development in the iron and steel industry. SRTMI is looking to partner with international research and academic institutions.
‘These two reforms have the potential to change the Indian coal mining and steel production industries, and Australia has the technology and expertise to support India’s ambitions,’ says Muldoon.
