Steel sector needs $210 bn investment to hit 300 mtpa capacity: SAIL.

India needs investment of $210 billion over the next decade to achieve the steel production capacity of 300 million tonnes per annum by 2025 from the current 90 MT, according to C.S Varma, chairman and managing director of Steel Authority of India.

Also, a dedicated funding agency on the lines of Power Finance Corporation is needed for the steel industry to ensure the funds-flow for the capacity expansion, he said, on the sidelines of a programme recently.

HBL