Goyal suggests talks on carbon tax issue with top steel industry leaders

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Goyal suggests talks on carbon tax issue with top steel industry leaders - Business Standard

Quick Summary:

Commerce and Industry Minister Piyush Goyal on Thursday suggested discussions on carbon border adjustment tax with top steel industry leaders to promote sustainable manufacturing in the sector.

The minister suggested the industry find newer and better ways on lowering carbon emission and promoting high productivity and quality steel in the country.

"Let's try and utilise AI (artificial intelligence) to optimise our production, reduce waste, and improve efficiency across the value chain and work towards a circle economy in a bigger way," he said, while addressing a steel conclave virtually.