In Short : In order to increase the production of green steel, a sustainable substitute for traditional steel manufacture, the Indian government is getting ready to implement incentive programs. The goal of the project is to reduce carbon emissions, draw in foreign investment, and establish India as a global leader in the manufacturing of environmentally friendly steel.
Encouraging Innovation and Strategic Growth
The government aims to incentivize industry to embrace carbon capture technologies, hydrogen-based steelmaking, and renewable energy integration. This will encourage large-scale industrial transformation, spur innovation, and lessen dependency on coal.
Impact and Significance of Clean Energy
Reducing emissions from one of the most polluting sectors in the world can be greatly aided by green steel production. The program supports cleaner industrial growth and sustainable infrastructure development, which is in line with India’s net-zero 2070 target.
