ArcelorMittal Nippon Steel India (AMNS India), a joint venture between ArcelorMittal and Nippon Steel, planned to invest up to Rs 2.6 lakh crore by 2035 to expand its annual production capacity to 40 million tons, demonstrating strong confidence in the prospects of India's infrastructure and automotive industries. 

Ranjan Dhar, Director of Sales and Marketing and Vice President of AMNS India, noted that the Indian government's vigorous promotion of the "Viksit Bharat 2047" initiative will strongly support steel demand. 

Currently, AMNS India has an annual steel production capacity of 9.6 million tons and expects to increase it to 15.6 million tons by the fiscal year 2026, primarily through a 600-billion-rupee investment plan. Additionally, the company has announced its alignment with the "Green Taxonomy" requirements to be implemented by India's Ministry of Steel in the fiscal year 2027, showcasing its commitment to transitioning toward sustainable steel manufacturing.