Government Initiatives Boosting Steel Demand in India

Steel consumption in infrastructure and construction industry has reached 37.8 Million Metric Tons in 2011-12, says RNCOS.

Noida, India (prHWY.com) April 19, 2012 - Increasing government initiatives are leading to the infrastructure development of in India. It is also anticipated that the government will encourage investments in roads, ports, and bridges in rural regions that will increase the steel demand in towns and villages. The government recognizes the need to improve infrastructure and has stepped up investments in this direction. Despite rising deficits, the government has been trying to push rural infrastructure development in the country.

The Indian Government has planned to achieve 500 operational airports by the next 12 years, as the aviation industry will need more port to handle the increased air traffic congestion. In turn, steel, which is a major material for building strong infrastructure, the consumption of the same will increase in the coming years. Apart from the aviation industry, the government also has a massive plan for railway infrastructure development. It intends to invite Public Private Partnership (PPP) in the non-core sector for setting up logistic parks, warehouses, budget hotels, wagon leasing schemes, wagon investment schemes, along with the development of above 7000 agricultural outlets in the country. These infrastructure development plans will be the key booster for the Indian steel manufacturers during the 11th five-year plan.

Further a new research report by RNCOS, "Indian Cement Industry Forecast to 2012", also revealed that with the government's proactive incentive plans to boost economic growth by injecting funds in various industries, such as construction, infrastructure, automobile, and power, the demand for steel industry will also grow in future. Besides, steel consumption in India is expected to grow significantly in the coming years, as per capita finished steel consumption is far less than its regional counterparts.

Overall, the report is an outcome of an extensive research and conceptual analysis of the Indian steel industry. It provides in-depth information about steel industry in India. It also presents an insight into the future outlook of various vertical industry segments, including automotive, aerospace, marine, consumer durables, power, railways, telecom, and housing. Overall, the report entails detailed information on industry-wise steel demand, overall steel consumption, production, and trading market and provides industry forecast for different market segments.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM129.htm

Some of our Related Reports are:

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- US Cement Industry Analysis (http://www.rncos.com/Report/IM346.htm)
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Check Related REPORTS on: http://www.rncos.com/Other%20Industry.htm

About RNCOS

RNCOS specializes in Industry intelligence and creative solutions for contemporary business segments. Our professionals analyze the industry and its various components, with a comprehensive study of the changing market behavior. Our accuracy and data precision proves beneficial in terms of pricing and time management that assist the intending consultants in meeting their objectives in a cost-effective and timely manner.

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Tag Words: india cement industry

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