Consider the following statements about the New National Steel Policy and identify the incorrect one...........

Economic Affairs Industrial Policy and Industrial Growth

Consider the following statements about the New National Steel Policy and identify the incorrect one.

Policy aims to create self-sufficiency in steel production by providing policy support and guidance only to Public Sector Steel manufacturing plants.

The policy aims to meet the demand of high-grade automotive steel, electrical steel, special steels and alloys for strategic applications through domestic production.

It aims to increase domestic availability of washed coking coal in order to reduce import dependence on coking coal.

All the government tenders would give preference to domestically manufactured iron and steel products.

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Explanation:

Policy aims to create self-sufficiency in steel production by providing policy support and guidance only to Public Sector Steel manufacturing plants.

The crude steel capacity of the country has increased from 137.97 million tonnes (MT) in 2017-18 to 154.06 MT in 2021-22 and is envisaged to reach 300 MT by 2030-31.
The production capacity of 300 MT shall be achieved by the private and public sectors expanding their production capacities.