Summary:

Investments in process and digital technology across India's steel value chain are expected to reach $2.7 billion by 2030, according to a FICCI-Deloitte study. This increase, from $1-1.2 billion in 2024 to $2.3-2.7 billion by 2030, aims to enhance technical capabilities and make the mining and steel sector more efficient and sustainable. ERP updates are not included in the report.

The National Steel Policy 2017 targets increasing India’s steel production capacity to 300 million tonnes by 2030. Per capita steel consumption is projected to reach 160 kg by 2030 and 220 kg by 2047. Digital tools will enhance energy efficiency, pollution monitoring, and flexibility, while AI and technology will drive innovation and safety. Deloitte's Rajib Maitra and FICCI's Gajraj Singh Rathore emphasize the importance of technological innovation and sustainability.

Source: IBEF

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