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India pushes firms to buy foreign mining assets to boost steel production and cut import reliance.
India is urging domestic firms to buy overseas iron ore and coking coal assets to boost its steel production capacity, aiming to increase output to 300 million tons by 2030.
Currently, India relies heavily on imports for 85% of its coking coal needs, mostly from Australia.
The government believes securing these resources abroad will help meet growing domestic demand and reduce import dependence, supporting India's goal to become a global leader in self-reliant steel production.
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La India empuja a las empresas a comprar activos mineros extranjeros para impulsar la producción de acero y reducir la dependencia de las importaciones.