New Delhi, October 31 (IANS). Union Minister of State for Steel Bhupathiraju Srinivas Varma said on Friday that India aims to achieve 300 million tonnes of scrap steel production capacity by 2030. The Union minister highlighted India’s growing steel sector under the visionary leadership of Prime Minister Narendra Modi during a meeting in the national capital with Sweden’s Minister of Energy, Commerce and Industry, in the presence of Swedish Secretary of State for Sarador in India, Modig. and other officials. According to the Ministry of Steel, India’s domestic steel demand is growing at an impressive rate of 11-13 percent due to large-scale infrastructure projects, while global demand remains weak. In this meeting, discussions were held to explore opportunities for cooperation in the field of research and development in green steel production and other advanced technologies to reduce carbon emissions. The Union Minister confirmed the invitation to Sweden to participate in Bharat Steel 2026. It is an international exhibition dedicated to the steel industry which will be organized on 16-17 April 2026 at Bharat Mandapam, New Delhi. According to the data released by the Ministry of Commerce and Industry, the growth rate of eight major industries of India in September this year was 3 percent compared to the same month last year. During this period, the steel and cement sectors performed best. Data released by the ministry said that due to increasing demand from major government-run infrastructure projects, there was a strong 14.1 percent growth in steel production in September compared to the same month last year. The cumulative growth of steel during April to September 2025-26 was 11 percent higher than the same period last year. -IANS ABS/ Share this story Tags