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

FM concludes pre-budget consultations

Union minister for finance and corporate affairs Nirmala Sitharaman has concluded the pre-budget consultation meetings for Budget 2023-24 that were held from November 21 to 28 in the virtual mode. More than 110 invitees representing seven stakeholder groups participated in eight meetings sch

Coal production rises by 18% to 448 MT

The total coal production in the country stands at 448 million tonnes (MT) for the month of October 2022 which is 18% higher than the production of the corresponding period of last year. The growth of coal production from Coal India Ltd (CIL) is also more than 17%. The ministry of coal said

How to execute large-scale social impact projects

The number of social innovators and entrepreneurs has considerably increased recently in India. The idea of social entrepreneurship, which aspires to provide novel solutions for the world`s most critical social issues, is now receiving more attention. Challenges like overworked healthcare,

Plastic is no longer a waste management issue

Plastic is arguably the most ubiquitous material of our times. In this Age of Plastic, it might seem its use can’t go up any further – and yet it keeps going. Between 2000 and 2015, global production of plastic increased by a whopping 79%. The total mass of plastics on our planet is now twice t

Celebrating the Ganit of Protein!

“Why is the child growing?” is the question that bothers a lot many in the administration. The answer, to be honest, is to be discovered via science, and less via what we call ‘effective administration’. Eventually, it will be the latter that will enforce the former on the field, bu

Trying to achieve work-life balance? Here’s some advice

The untapped potential of every individual is the biggest tragedy of the human race. The primary reason for this is our lack of awareness of the processes, tools and t

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