*India needs to develop 300 mn tons of steel capacity by 2030,

India needs to develop about 300 million tons of steel capacity by 2030, which is at present at 100 and 80 million tons at present, said Sandeep Poundrik, Steel Secretary to the government of India.

Speaking at the Curtain Raiser--FICCI's 97th AGM and Annual Convention, the steel secretary stated that there is no problem on the demand side, adding that the per capita consumption in India is approaching 100 kgs per person, which is an inflection point, as around this level of steel consumption, the growth of countries increases significantly.

"We will need about 300 million tons of capacity by 2030, which is at present at 100 and 80 million tons of capacity, so that means 120 million tons of additional capacity, " the Steel secretary added, highlighting the need to develop the capacity.