<h1>Foreign Direct Investment in India's Steel Sector Soars from Rs. 1,999.30 Cr to Rs. 8,242.42 Cr in 3 Years.</h1> The Minister of Steel announced a significant increase in foreign direct investment in India's metallurgical sector, including steel, over the past three financial years, with inflows rising from Rs. 1,999.30 crore in 2009-10 to Rs. 8,242.42 crore in 2011-12. Major foreign investments include proposals by companies to establish steel plants in states like Orissa, Karnataka, and Jharkhand, with substantial investments from producers such as Posco and Arcelor-Mittal. Additionally, foreign investors have acquired stakes in Indian steel companies. An Inter-Ministerial Group has been formed to oversee and address issues related to these investments.