Indian infrastructure projects to fuel steel demand
India's Ministry of Commerce and Industry expressed interest in attracting foreign direct investment in the infrastructure sector, particularly areas like power, highways and roads, seaports, urban infrastructure and telecomunications.
In order to encourage public-private partnerships, including foreign
investments, the government began looking at ways to make the regulatory and policy framework more user friendly.
India will likely require investment of nearly $150 billion over the next five to ten years to improve the country's infrastructure.
The Indo-American Chamber of Commerce is holding the Indo-US Summit on 9-10 February to discuss potential partnerships in
India's infrastructure projects.
The ambitious projects are expected to increase Indian demand in rebars and civil works profiles in the coming years.