India Considers Plan to Steer Capital to Steelmakers
05/06/2016 - The Indian government is thinking about establishing steel-specific investment fund that would help support capital projects, reports The (India) Economic Times.
According to The Times, the fund would be part of the larger National Investment and Infrastructure Fund, which was established last year to help support greenfield and brownfield projects in the country.
Aruna Sundararajan, India's steel secretary, said that high capital costs inhibit the competitiveness of the country's steel industry.
"We are trying to see how we can structure something for the steel industry there, which I think will definitely go a long way in bringing down the capital costs," Sundararajan said during an event, according to the newspaper.
The Times has the full story here.
Aruna Sundararajan, India's steel secretary, said that high capital costs inhibit the competitiveness of the country's steel industry.
"We are trying to see how we can structure something for the steel industry there, which I think will definitely go a long way in bringing down the capital costs," Sundararajan said during an event, according to the newspaper.
The Times has the full story here.
