TOKYO -- India's growing economy is attracting big investments from Japan's Nippon Steel and other steelmakers, who are hoping to cash in on the government's plans to boost steel production capacity 2.5-fold from 2015 levels to 300 million tonnes by 2030.
Nippon Steel and Europe's ArcelorMittal are expanding their joint steel plant in Hazira, a town in the state of Gujarat on India's west coast.