The industry having the largest investment in indian Economy is

Options

A. Tea
B. Cement
C. Steel
D. Jute

Answer

C

Explanation

The iron and steel industry accounts for the largest investment In the Indian economy. The industry has been receiving major governmet a wall as Foreign Direct investments. Some of the major investments in the Inian steel industry are as follows :
(.) Tidfore Heavy Equipment Group, the china-based infrastructure giant, is looking to enter the Indian market by signing an investment agreement worth US$ 150 million with Uttam Galva Metellics, to expand its Wardha units along with south Korean steel major Posco.
(.) Arcelor Mittal SA looking to set up a joint venture (JV) factory in India with state owned Steel Authority of India Ltd (SAIL) to manufacture highend steel products which could be used in defence and satellite industries:
(.) JSW Group plans to invest around Rs 10,000 crore (US$ 1. 49 billion) at Salboni in West Bengal to set up 1,320 Megawatt (MW) coal based powerlplant, 4.8 million tonne cement plant and paints factory over a period of next to seven years.
(.) National Mineral Development Corporation (NMDC) has planned to invest Rs. 40, 000 croce (US$ 5.96 billion) in the next eight years to achive mining capacity of 75 MIllion Tonnes Per Annum (MTPA) by FY 2018-19 and 10 MTPA by FY 2021-2.etc.