LOK SABHA
The Government at present has no proposal to set up any shore based steel plant in the country. According to the New Industrial Policy announced in July, 1991, steel industry has been de-licensed and removed from the list of industries reserved for the public sector, subject to certain locational restrictions. No industrial licence is, therefore, required for setting up steel plants under the Industrial (Development & Regulation) Act, 1951 and the entrepreneurs are free to set up such plants anywhere in the country except in the restricted locations.
This information was given by the Minister for Steel, Shri B.K. Tripathy in a written reply in the Lok Sabha today.
(Release ID :411)