Cavendish Lecture Series: Indian Steel Industry – Sustainable and Exponential Growth, Roadmap for 2035, Key Challenges and Opportunities
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You are invited to join us for the seventh webinar in the Cavendish Lecture Series, where the focus will be on Indian Steel Industry – Sustainable and Exponential Growth, Roadmap for 2035, Key Challenges and Opportunities
You are invited to join us for the seventh webinar in the Cavendish Lecture Series, where the focus will be on Indian Steel Industry – Sustainable and Exponential Growth, Roadmap for 2035, Key Challenges and Opportunities
Executive summary:
The Indian steel industry stands at a pivotal juncture, poised to become a global leader in sustainable steel production over the next decade. This talk outlines the strategic roadmap for 2025–2035, focusing on capacity expansion, technological innovation, and sustainability stewardship. It examines the current status of the sector, projected growth to 300 million tonnes by 2030, and policy frameworks such as the National Steel Policy and PLI (Performance Linked Incentives) Scheme that will drive transformation.
Key challenges, including raw material security, global competition, and decarbonization are analyzed alongside emerging opportunities from infrastructure development and export potential. The roadmap emphasizes sustainability targets, including a 30% reduction in carbon emissions by 2030 and alignment with India’s net-zero commitment by 2070. Initiatives like Green Steel Mission, hydrogen-based DRI, and circular economy practices are highlighted as critical enablers.
Through strategic investments, workforce development, and adoption of advanced technologies, India aims to strengthen its global positioning while ensuring environmental responsibility. This talk provides actionable insights for stakeholders to collaborate in shaping a resilient, competitive, and green steel ecosystem for the future.
We heard from
DEBOJYOTI ROY
Chief Corporate Strategy and Planning Officer TATA Steel
Over 26 years’ Debojoyti has acquired a depth and breadth of knowledge and experience at TATA Steel. He has a degree in Mechanical Engineering and Executive Leadership Management qualifications from the University of Michigan Business School. He started his career in the power generation and utilities area for TATA Steel and quickly gained experience as the head of maintenance of TATA’s 2nd largest blast furnace developing innovative and leading practises which lead to promotion to Head of Operations, Business Performance Enhancement. Excelling in this area led to further promotion to Chief Transformation Officer and in 2018 becoming Principal Executive Officer – Chief of Staff at Tata Steel BSL (formally Bhushan Steel Ltd).
In 2023, Debojoyti was promoted to his current role as Chief Corporate Strategy and Planning for TATA Steel Group, leading corporate strategy planning and deployment across all functions, ensuring alignment with top leadership vision and long-term organizational objectives. He is a highly respected leader and executive within the Indian steel industry and has written a number of papers and presented at the World Economic Forum.