Cabinet approves steel pact between India-Japan

ANI New Delhi, India Dec 11, 2019, 08.41 PM(IST)

File photo: Prime Minister of Japan Shinzo Abe and PM Narendra Modi. Photograph:( Zee News Network )

Story highlights

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

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

The 'India-Japan Steel Dialogue' envisages enhancement of mutual understanding to secure sustainable growth in the steel sector, read a statement.

It aims to examine all aspects of cooperation in the steel sector including the 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.