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The Indian government has proposed customized emission reduction targets for steel manufacturers to align sustainability efforts with industry capacity and growth.
Under the plan, large steelmakers will be required to meet stricter emission benchmarks, while smaller producers will have relatively moderate targets. The move is designed to create a balanced approach, ensuring that environmental goals are met without hampering production or competitiveness.
Officials confirmed that companies failing to meet the targets will face penalties, though they may be allowed to offset shortfalls by using carbon credits. The initiative is part of India’s broader commitment under the National Steel Policy 2017 to decarbonize the sector while maintaining industrial growth.
Industry experts see this as a crucial step in making India’s steel industry more sustainable, globally competitive, and future-ready.
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