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Indian Government Backs $7.5 Billion in Ultra-Mega Steel Plants

metals_minerals

Industry Segment: Metals & Minerals | Word Count: 348 Words

JOHANNESBURG--July 15, 2013--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--Following the model of its ultra-mega power projects (UMPPs), the Indian government is now pursuing the concept of ultra-mega steel plants (UMSPs). Prime Minister Manmohan Singh approved the Steel Ministry's proposal for the new plants, each of which would involve an investment of about $7.5 billion. The approval was granted at a meeting of the high-level committee on manufacturing.

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