IFGL in an investor presentation said there is a huge export opportunity for India due to its low cost advantage & Centre aims at covering refractories in PLI 2.0 to support the steel industry. India s steel demand will show healthy growth on the back of strong urban consumption and infrastructure spending, which will also drive demand for capital goods and automobiles among other things.
India has a significant export opportunity in refractories due to its low cost advantage, with the government aiming to support the steel industry through PLI 2.0. India's steel demand is expected to grow due to urban consumption and infrastructure spending, driving demand for capital goods and automobiles.