Stepping up Steel Consumption: Satyajit Maity, Tata Steel
01 Mar 2021
SATYAJIT MAITY elaborates on opportunities for steel consumption in India and initiatives to increase its usage.
Owing to the pandemic, this was not a good year for the construction sector. However, projections for next year are positive: Construction capex is likely to grow by around 30-35 per cent. As per census data, there are around 260 million households in the country; 55 per cent of them are either kutcha or semi-pucca, i.e. made of thatched stones, or non-metal or non-concrete. Hence, there is a great opportunity to convert these houses with better material.