Mittal said the industry has been urging the government to address some pressing issues "inhibiting" continued investments in the sector and added that the taxes on the industry remain high.
Arcellor Mittal was the preferred bidder for Thakurani mines last year by quoting 107.55 per cent over the floor price.
'The industry requires long overdue support to maintain its current 3+1 industry structure and allow players to earn a respectable return on their investments,' Mittal said.
The industry needs to be healthy for embarking on 5G services, and delivering on India's digital dream, Bharti Airtel Chairman Sunil Mittal said.
Mittal said that India will be a force in the next 5-10 years as a major economy, building its success on industrial upliftment, digital upliftment and self-reliance.