Jamshedpur : India is ramping up efforts to secure critical raw materials overseas, urging major steelmakers like Tata Steel, JSW Steel, and NMDC to acquire iron ore and coking coal assets abroad.
The push comes as the country targets expanding its steel production capacity to 300 million tons by 2030, up from the current 200 million tons.
Coking coal, a key ingredient in steelmaking, is a particular focus. India, which currently imports 85% of its coking coal—mostly from Australia—expects its imports to surge to 160 million tons by 2030.
To diversify supply sources, companies like NMDC are already exploring potential assets in Indonesia and Australia.
Tata Steel, one of India’s largest and most globalized steelmakers, is expected to play a major role in this overseas drive, leveraging its international experience to help India achieve its ambitious production targets.
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