The National Steel Policy is a strategic framework established by the Government of India to promote the growth and development of the steel industry in the country. It aims to enhance production capacity, improve quality, and ensure sustainability in the sector. The policy also focuses on increasing domestic consumption of steel and reducing dependence on imports. Additionally, the policy emphasizes the importance of technological advancements and innovation in steel manufacturing. It encourages investments in research and development, aiming to make the Indian steel industry globally competitive. By fostering a conducive environment, the National Steel Policy seeks to create jobs and boost economic growth.