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As an important exporter of diamond and diamond tools in China, India has experienced strong economic growth in recent years, especially in the steel industry. Even some high-input projects like Posco and Ammi Steel have not yet started in India. It is still hoped that by the end of 2012-2013, India's steel output will exceed 120 million tons. Mr. PKMishra, Minister of Steel of India, pointed out that “China’s steel production has reached 80 million tons. In 2010-11, the steel industry has achieved an increase of 15 million tons. It is expected to increase by 15 million tons in 2012-13.†Indian steel industry The Ministry previously targeted India's 211-12 steel production target at 124 million tons. When asked about the delays in the projects of Posco and Ammi Steel in India, Mr. Mishra pointed out that “a huge investment project needs more time to start because of land acquisition, water supply and resettlement issues. Major projects require favorable conditions. Since the Indian steel industry is an industry that has been deregulated, we always encourage investors to invest their money in the steel industry."