# Vedanta Group Chairman Anil Agarwal called for massive investments in India's steel sector.

*business · news · 2026-04-08 · Business Today*

## Key points

- Anil Agarwal warns India may need to import 75% of its iron ore to meet steel targets.
- Agarwal proposes India must create 3-4 companies each producing 200-300 million tonnes of iron ore.
- He estimates $20-25 billion or more is needed in infrastructure investment for this scale.
- India's iron ore imports are projected to more than double to 12-14 million metric tons in 2025-26.
- Brazil and Oman supplied about 70% of India's iron ore imports in the last fiscal year.

**Companies:** Tata Steel, Vedanta, JSW Steel, Hindalco, Jindal Steel, SAIL, NMDC
**Countries:** India, Brazil, Oman

[Read the full story on Business Today](https://www.businesstoday.in/industry/story/steel-target-set-raw-material-missing-vedanta-chief-spells-out-what-india-needs-to-do-524610-2026-04-08)

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