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<h1>Foreign investment monitoring bolstered as major steel sector projects and acquisitions prompt inter ministerial coordination mechanism.</h1> Foreign direct investment into the steel sector increased over the three financial years to 2011-12, accompanied by multiple large proposed greenfield projects and notable cross border stake acquisitions. An Inter Ministerial Group (IMG) has been constituted to coordinate, monitor and review issues affecting major steel investments, with individual issues escalated to the concerned Ministries/Departments and State Governments for resolution in accordance with existing rules and policies.