NEW DELHI (Reuters) - India's cabinet on Wednesday approved a proposal to make the use of local steel mandatory for government's infrastructure projects, Finance Minister Arun Jaitley said, aimed at boosting the sales of local companies.
The ministry's flagship National Steel Policy, which seeks to outline a roadmap to increase the country's annual steel production to 300 million tonnes by 2025, was also passed by the cabinet, Jaitley said.
An official with direct knowledge of the matter told Reuters earlier that Prime Minister Narendra Modi's cabinet might clear the proposals.
(Reporting by Mayank Bhardwaj)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)