ASSOCHAM proposes for green steel and cement markets

New Delhi, Oct 22 (KNN) The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has pitched for developing green steel and cement markets in India.

India can be a global supplier of green steel and cement along with meeting its domestic demand, said its Secretary General Deepak Sood, reported Mint. 

Government can direct certain segments of steel and cement buyers to procure green products, he said. 

He further said that buyers themselves should be willing to procure the green products in a bid to help achieve the climate targets.

“Maybe a green steel market needs to be created, a green cement market needs to be created, which possibly needs to be bought by companies at a higher cost. In India, for example, there could be certain chunk of industry who could be asked to (procure these green products and) who would consider this as a procurement. There is a lot of product that we make in this country who could use green steel," Sood.

To achieve such ambitious climate targets he called upon the developed countries to support developing and underdeveloped countries.  (KNN Bureau)