- Availability of raw material like iron ore, coal , limestone etc.
- An efficient transportation and infrastructure facility for import and export of finished goods.
- Availability of service sector , heavy funding is required and hence adequate availability of capital, Human capital for managerial roles
- Demand for iron and steel or the market has to be there. Growing infrastructure sector , construction sector help to set up the iron and steel industry.
- Government policies and regulations should be conducive for the setting up of iron and steel industries. Land acquisition and ease of doing business should be a complex free task. Law and order shall be maintained, Unambiguous taxation policies.
