To boost production, the steel ministry is considering a special policy to set up ultra mega steel plants
The slow pace of capacity addition ails the Indian steel industry and P.K. Misra, the top bureaucrat at the country’s steel ministry, is trying hard to find a solution. For the past few weeks, Misra’s team is weighing the pros and cons of what could be a one-shot solution — ultra mega steel projects, or UMSPs. On paper, these mega steel plants look promising.
(This story appears in the 26 August, 2011 issue of Forbes India. To visit our Archives, click here.)