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The ministry will also ensure availability of raw materials like iron ore, coking coal and non-coking coal, natural gas etc at competitive rates.Steel Minister Chaudhary Birender Singh is confident that the policy will give a concrete shape to future plans and policies for the steel industry in India. It shall be the responsibility of every governmentagency to ensure implementation of the policy. "I am confident that the policy will make the Indian steel sector more vibrant and competitive, and facilitate taking the steel industry to new heights of success," the minister added.Thrust areas in the policy include raw material securitisation, import substitution, increasing production efficiency and enhancing steel consumption, he said.R&D in the sector will take spotlight through establishment of the Steel Research and Technology Mission of India (SRTMI).While implementing the policy, it puts trust in each domestic manufacturer that provides self-certification to the procuring government agency declaring that the products are domestically manufactured in terms of the value addition prescribed.Representational image."We have taken a holistic and comprehensive view of the steel sector in India and its key growth drivers to ensure sustainable growth of all segments of the industry," he said.The policy projects crude steel capacity of 300 mt, production of 255 mt and robust finished steel per capita consumption of 158 kg by 2030-31, as against the current use of 61 kg.The NSP enshrines a long-term vision to give impetus to the steel sector.

In case any manufacturer is aggrieved, a grievance redressal committee set up under the steel ministry will dispose of the complaint in four weeks. As per the policy, adoption of energy efficient technologies in the MSME steel sector will beencouraged to improve overall productivity and reduce energy intensity. The initiative is aimed at spearheading R&D of national importance in the iron and steel sector utilisingtripartite synergy among the industry, national R&D laboratories and academic institutes.The policy makes it mandatory to non-standard hexagon wood screw Manufacturers give preference to domestically manufactured iron and steel products (DMI&SP) in government procurement."The Cabinet. In a few cases, the onus of demonstrating the correctness of the same will be on the bidder when asked to do so. The policy envisages development of globally competitive steel manufacturing capabilities, cost-efficient production, facilitating foreign investment and asset acquisitions of raw materials..Cabinet also approved a policy for use of domestic steel products in government organisations. The Cabinet also approved a policy for use of domestic steel products in government organisations. It seeks to boost domestic steel consumption and ensure high quality steel production and create a technologically advanced and globally competitive steel industry. has approved the policy for providing preference to domestically manufactured iron and steel products on government procurement," the ministry said in another statement. In order to provide flexibility, the Ministry of Steel may review specified steel products andthe minimum value addition criterion," it said.