All steps to be taken to make steel sector competitive: Goyal

TIL Desk/Business/New Delhi/ Commerce Minister Piyush Goyal on Tuesday said the government will take all necessary steps to make India’s steel manufacturing sector competitive, an official statement said. According to Goyal, the government will initiate steps to double the exports of engineering goods in the next five years and reach $200 billion by 2030.

Goyal, who also holds railways portfolio, was speaking at a meeting here Steel and Pteroleum Minister Dharmendra Pradhan. Both Ministers discussed the challenges being faced by the steel sector and the import-export trends with steel producers, the statement said.

Representatives of the steel industry and the Engineering Export Councils apprised the Ministers about the protectionist measures being imposed by other countries and the under-utilised capacity in steel manufacturing in India.