Cabinet approves Pact between India and Japan in Steel Sector

 

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for signing the Memorandum of Cooperation (MoC) between Government of India and Government of Japan to constitute the ‘India-Japan Steel Dialogue’ to strengthen cooperation in steel sector.

Benefits

The ‘India-Japan Steel Dialogue’ envisages enhancement of mutual understanding to secure sustainable growth in the steel sector.

The Dialogue aims to examine all aspects of cooperation in steel sector including promotion of investment in high grade steel making and finding new avenues of steel usage in India.

The MoC will help in capacity building for high grade steel manufacturing in India.

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