DELHI--December 5, 2012--Researched by Industrial Info India (Delhi, India)-- Iron ore pelletization in India is poised for multi-fold growth as the country seeks to produce 132 million tons of steel by 2016 to cater to the increasing demand for steel in the domestic market. Over the next five years, by 2016-17, India's pellet production capacity is estimated to reach 96.1 million tons per annum, which is nearly double the country's current production capacity of 49.1 million tons per annum.