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Vedanta urges India to cut taxes and streamline rules to process low-grade iron ore, boosting steel output and jobs.
Vedanta is urging India’s government to introduce supportive policies in the 2026-27 budget to make beneficiation of low-grade iron ore economically viable, aiming to boost domestic steel production, reduce imports, and create jobs.
The company highlights that processing low-grade ore—currently underutilized due to high duties and regulatory delays—could unlock significant mineral resources, enhance self-reliance, and support India’s growing steel demand, projected to reach 300 million tonnes by 2030.
The call emphasizes the need for fiscal incentives, streamlined approvals, and infrastructure investment to attract private sector participation and strengthen the domestic supply chain.
Vedanta insta a la India a reducir los impuestos y simplificar las reglas para procesar mineral de hierro de baja calidad, impulsando la producción de acero y los empleos.