India has updated its Domestically Manufactured Iron & Steel Products Policy - 2025 to boost local steel production.
The policy prioritizes indigenous steel for government contracts, limiting foreign competition.
Reciprocal clause: Countries that restrict Indian firms from their tenders will face a ban on bidding for Indian steel contracts.
All government bodies must now source steel products like flat-rolled steel, bars, rods, and railway materials made in India.
Steel must meet the 'Melt & Pour' condition, meaning it should be melted and solidified in India.
China and other Asian countries with free trade agreements are key targets for reducing imports.
Global Tender Enquiries (GTE) for steel are banned, except for capital goods over ₹200 crore with special approval.
Capital goods for steel production (like furnaces) must have at least 50% domestic value addition.
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