Steel minister seeks stronger ties between Australia, India

Australian investors are excited to witness growth and potential of business in India, says Australian minister

GN Bureau | August 29, 2017


#India   #Australia   #steel   #SAIL   #Birender Singh  

 Union steel minister Chaudhary Birender Singh has invited Australian government and businesses to be a part of the ambitious growth and development opportunities available in India.

During a meeting with an Australian delegation led by Australia’s assistant minister for trade, tourism and investment, Keith Pitt, Singh said the New India provided ample scope for strengthening bilateral relations through investments, technology transfer and knowledge sharing.
Steel minister also shared details of National Steel Policy 2017 (NSP) and other initiatives being implemented by the government.
 
He also raised a few concerns of Indian steel industry such as wide fluctuations in prices of coking coal imported from Australia and disadvantage to Indian steel exporters due to concessional tariffs for other countries.
 
Steel Authority of India Limited (SAIL), which falls under the steel ministry, is the largest steel-making company in India. SAIL produces iron and steel at five integrated plants and three special steel plants.
 
Keith Pitt said that Australia is also keen on widening the scope of relations from natural resources to technology sharing and knowledge exchange. Australian investors are excited to witness growth and potential of business in India, he said. He said that Australia would be happy to help in sharing its expertise in extracting resources efficiently.
 

Comments

 

Other News

Sustainable travel emerging as preferred choice: Report

An increasing number of people will prefer to rely on emerging and new technologies and travel in more sustainable ways, according to a global research study, Traveller Tribes 2033, has revealed.   The global survey is third in a series launched in 2007 and identifies four Traveller Trib

Budget creates the ground – now it’s time for these steps

On February 1, finance minister Nirmala Sitharaman announced the Union Budget. As Dr. Rajiv Kumar, the Pahle India Foundation chairman and former NITI Aayog vice chairman, succinctly summed up, “Budget 2023 is a consolidation of the gains over the years, and a positive step towards sustained economic

Should India look for another capital?

The Indian Metropolis: Deconstructing India’s Urban Spaces By Feroze Varun Gandhi Rupa, 840 pages, Rs 1,500 Feroze Varun Gandhi, a Member of Parliament from the BJP, has been a published poet. He is also a policy expert – he had published &

Railways’ freight earnings up by 16%

On mission mode, Indian Railways` Freight loading for first ten months of this financial year 2022-23 has crossed last year’s loading and earnings for the same month. On cumulative basis from April 2022 to January 2023, freight loading of 1243.46 MT was achieved against last year&rsquo

BMC announces Rs 52,619.07 crore budget

Mumbai’s municipal commissioner and administrator Iqbal Singh Chahal on Saturday announced a Budget of Rs 52,619.07 crore for 2023-2024, an increase of 20.67% over a revised budget estimate of Rs 43607.10 crore for 2022-23. The overall budget size has doubled in five years. In 2017-18

Making sense of the ‘crisis of political representation’

Imprints of the Populist Time By Ranabir Samaddar Orient BlackSwan, 352 pages, Rs. 1105 The crisis of liberal democracy in the neoliberal world—marked by massive l

Visionary Talk: Amitabh Gupta, Pune Police Commissioner with Kailashnath Adhikari, MD, Governance Now



Archives

Current Issue

Opinion

Facebook    Twitter    Google Plus    Linkedin    Subscribe Newsletter

Twitter