New Delhi, Feb. 24 -- : Union Steel Minister Dharmendra Pradhan on Monday stressed the need for collaborations between India and Japan to increase steel usage.

Highlighting Prime Minister Narendra Modi's vision of 5 trillion US dollar economy, he said that various policy reforms and the initiatives like Pradhan Mantri Awas Yojana, Har Ghar Jal Yojana, unprecedented speed of construction in railways and roads, creation of a gas-based economy, creation of new agri-storage facilities and many others are set to drive steel demand growth.

Speaking about the Indian steel sector, the minister said that with a large market, policy reforms, abundance of raw material, India is one of the most attractive global investment destinations in the steel s...