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

Caring for cancer patients: the expanded network of facilities

Health is a State subject, and the primary responsibility for providing healthcare services, including cancer care, rests with the respective state governments. However, the Department of Health and Family Welfare provides technical and financial support to States and Union Territories across the country

Capabilities, aspirations of India’s youth limitless: Modi

The capabilities and aspirations of India’s youth are limitless, prime minister Narendra Modi said in his remarks to the media at the start of monsoon session of the parliament on Monday.  "In the past month, the country has achieved many milestones, filling citiz

India gets the first hydrogen train

Prime minister Narendra Modi on Friday laid the foundation stone and dedicated to the nation various development projects worth around ₹14,700 crore in Jind, Haryana.   The PM positioned the city as a shining reflection of the good governance model. Emphasizing that the entire Haryana

Climate change is stealing sleep

Climate change has at least doubled the temperature-related sleep loss across 1,338 major cities worldwide over the past five decades, highlighting an emerging but often overlooked public health consequence of rising global temperatures. A new study by Climate Central estimates that between 2020 and

Cabinet approves Mobile Phone Manufacturing Scheme

The union cabinet chaired by PM Narendra Modi has approved the Mobile Phone Manufacturing Scheme (MPMS) with a budgetary outlay of Rs 62,500 crore. It aims to further scale up the production, deepen domestic value addition, strengthen supply chain resilience, enhance global competitiveness. It

Building infrastructure is only half the job

Recent stories of stolen railway wires, disappearing communication towers and missing public infrastructure are often treated as bizarre law-and-order failures of India. Yet they raise a more fundamental question. Why does the State often discover the disappearance of a public asset only after it has alrea

Upcoming Conferences





Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter