CG will play leading role in making India a global Hub for Steel Production: Lakhan Lal Dewangan
Chhattisgarh’s Industry Minister Participates in ‘India Steel 2025’ Conference Held in Mumbai
Mumbai, April 24, 2025 – Chhattisgarh Commerce and Industries Minister Lakhan Lal Dewangan today participated in the ‘India Steel 2025’ conference and emphasized on Chhattisgarh’s central role in achieving Prime Minister Narendra Modi’s target of 300 million tonnes of steel production by 2030.
Addressing the conference in Mumbai, he stated that Chhattisgarh will play a leading role in making India a global hub for steel production. He reiterated the state government’s commitment to the development of the steel industry and invited industrialists to actively participate in the state’s growth.
The conference is being held from April 24 to 26, 2025, at the Bombay Exhibition Centre (NESCO), Mumbai. It is organized under the joint aegis of the Ministry of Steel, Government of India, and the Federation of Indian Chambers of Commerce and Industry (FICCI). Prime Minister Narendra Modi also addressed the conference via video conferencing. Union Minister of State for Steel and Heavy Industries Bhupathi Raju Srinivasa Varma, was also present during the event.
Industry Minister Lakhan Lal Dewangan stated that Chhattisgarh is the Steel Capital of India and also highlighted that the state holds 18 per cent of the country’s iron ore reserves. The iron ore extracted from Bailadila mines is considered among the best in the world in terms of quality. He also stated that Chhattisgarh is among the leading states in adopting green steel technologies.
He further informed that, recognizing the immense potential of the steel sector, the state has formulated a new industrial policy focused heavily on core sectors such as steel. Under this policy, sponge iron and steel units are being offered incentives and concessions of up to 15 per cent. The steel sector is benefiting the most from the single-window system, ease of doing business, and speed of business. To promote MSMEs near the Nagarnar Steel Plant in Bastar, a new industrial area is being developed over 118 acres.
Dewangan said that investment summits have been organized in Delhi, Mumbai, Bengaluru, and Raipur, resulting in investment proposals worth over Rs 4.5 lakh crore. The implementation of these proposals is progressing at a rapid pace. The recent foundation-stone laying ceremony of a semiconductor plant is a prime example of this progress. He added that under the new industrial policy, Chhattisgarh has emerged among the top ten states in terms of attracting the highest investments.
The conference also saw the participation of several senior officials from Chhattisgarh, including Chief Secretary Amitabh Jain, Principal Secretary to the Chief Minister Subodh Singh, Secretary of the Industry Department Rajat Kumar, Director Prabhat Malik, and Managing Director of CSIDC Abhishek Agrawal.
Discussion on Investment Opportunities with Industrialists
At the India Steel Conference, the Industry Minister of Chhattisgarh engaged in direct dialogue with investors and industrialists during a roundtable meeting. The discussion focused on the investment potential in Chhattisgarh, covering topics such as industrial clusters, logistical support, the single-window clearance system, favourable workforce and policies.
