India is at an optimal point and should take this opportunity to settle in the global sand, Jindal said. | Photo credit: Danish Siddiqui
JSW Steel plans to invest ₹ 50,000-600 billion rupees to place a green steel plant of 10 million tons per year in Salavtra in Maharashtra and this plant will serve Europe that is in the process of imposing carbon edge mechanism
Sajjan Jindal, president of JSW Group, said that the investment in the green plant will be carried out for 3-4 years and will attend the European Union markets.
Initially, he said that the plant will work with natural gas and change through hydrogen as technology evolves.
The green steel produced will reduce the emission of carbon in a fifth, he said in the celebration of the Centenary Year of the Chamber of Commerce of India in Mumbai on Tuesday.
On the proposed anti -dumping duty on steel imports, he said that the Ministry of Steel had recreated a higher duty, but the government should at least begin with the proposal of the Ministry of Commerce and, hopefully, it must be implemented soon.
The Trump Triumphate rate (president of the United States) is a transition phase and things will be established in 3-4 years, he said.
Beyond the link with MG Motors, Jindal said it is focusing only on the development of high -tech cars at affordable prices under JSW cars.
“India has all the ingredients to make electric vehicles, except drum cells. We are in conversations with a Korean company to obtain technology in India,” he added.
The automotive component industry is totally oriented to the production of EV in India and, in fact, they are exporting it worldwide, “he said.
India is at an optimal point and should take this opportunity to settle in the global sand, Jindal said.
Posted on April 15, 2025