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Govt may mandate public procurement of 25% sustainable green steel
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Saket Kumar New Delhi
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The government is finalising a green steel procurement mandate, with a potential 25 per cent target, even as it criticises the European Union's Carbon Border Adjustment Mechanism (CBAM) as a trade barrier that undermines ongoing India-EU free-trade
agreement (FTA) talks.
Ashwini Kumar, economic advisor to the Ministry of Steel, confirmed that public procurement would play a key role in creating a market for low-emission steel. He said the government was considering a mandate to ensure green steel is not edged out by cheaper, high-emission alternatives.
'We are working on that also. It's a tricky business. I don't know when we will
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