- With the new liberalized policies of Govt of India, Indian metal and metallurgy industries have taken a new shape to cater to the present domestic and export demand.
- The Ministry of Steel has proposed to set up special purpose vehicles (SPVs) with State governments to revive investment in the steel sector. The role of
the SPVs will be to acquire land and obtain all necessary environment and forest clearances, while NMDC Ltd will be the company creating these SPVs.
- The Ministry of Steel has also proposed Special Mining Zones, where regions with mineral resources will be identified as strategic resources and one nodal authority will arrange necessary green clearances for mining projects in such areas.