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The Centre will announce a new steel policy soon after obtaining the Cabinet clearance and the policy will address many issues that have been pending for a long time and it will enable the country achieve the target of 300 million tonnes of production by 2030, according to Union Steel Minister Chaudhary Birender Singh.
He was talking to reporters in the Visakhapatnam steel plant here on Sunday at the end of his two-day visit to the plant and the city. He said a Cabinet note was being prepared to make the use of steel made in the country compulsory in Government projects.
He advised the Visakhapatnam steel plant to take advantage of the huge demand for steel in the several projects being taken up by the Andhra Pradesh Government in the aftermath of bifurcation, including the construction of the new capital Amaravati.
He praised the Rashtriya Ispat Nigam Ltd (Visakhapatnam steel plant) for completing the expansion project and said the plant had a great advantage in having two ports in its vicinity. The plant was moving towards achieving international standards of efficiency, he said.
Earlier, on Saturday, the Minister inaugurated a 120-MW gas-based power plant built at a cost of ₹677 crore. The power plant uses blast furnace gases. The Minister said it was also a green initiative.
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