November 26, 2012
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Deregulated steel sector: MoUs are state-investor understandings and the Ministry does not monitor project progress.
Steel is a deregulated sector and MoUs are state-investor understandings; the Ministry of Steel does not monitor MoU progress. Principal impediments to project implementation include land acquisition and rehabilitation, raw material linkages, environmental clearances, infrastructure approvals, market downturns, and local opposition. The Ministry summarizes status updates for major projects-covering land acquisition, licensing, financial closure planning, local protests, and scaled-down capacities-and an annexure lists state-wise MoUs and companies arising over the prior three years.