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flag Assocham urges India’s FY27 Budget to boost green steel with incentives, lower costs, and import reforms.

flag Assocham has urged the Indian government to include incentives for hydrogen-based steelmaking and green finance in the FY27 Budget to support the sector’s shift to low-carbon production. flag The industry body recommended concessional financing, waste-heat recovery support, renewable captive power plants, and improved scrap recycling infrastructure through skilling. flag Despite India being the world’s second-largest steel producer with steady growth, challenges include high input costs, a weakening rupee, reliance on imported coking coal, stagnant iron ore output, and delayed mine operations. flag Assocham also called for removing import duties on key raw materials, rationalizing royalties, promoting iron ore beneficiation, and boosting R&D in recycling, alloy development, and digital processes to enhance productivity and reduce specialty steel imports. flag The recommendations aim to strengthen India’s global manufacturing position under 'Make in India'.

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