India-Japan Dialogue Strengthens Bilateral Cooperation in Steel

New Delhi, Feb 6 (KNN) The 3rd India-Japan Steel Dialogue successfully convened at Vigyan Bhavan, New Delhi, marking another milestone in the deepening industrial cooperation between the two nations.

Delegates from both countries engaged in insightful discussions on economic developments, steel industry trends, bilateral trade, and the international steel market.

India highlighted its strategic initiatives to boost ease of doing business, sustain steel demand through infrastructure investment, and promote research and development.

Notably, the release of the Green Steel Report and the Taxonomy of Green Steel were presented as key steps towards sustainability.

The country’s demographic advantages and pro-investment policies were also underscored as promising opportunities for Japanese investors.

Japan shared updates on its economic progress, advancements in steel technology, and ongoing capacity-building programs.

Both sides exchanged views on pressing global trade concerns, including the European Union’s Carbon Border Adjustment Mechanism (EU CBAM) and its impact on the steel industry.

A key highlight of the dialogue was the review of existing capacity-building initiatives focused on technology collaboration and skill development.

Japan reaffirmed its commitment to investing in emerging steel technologies in India, while India pledged to facilitate ease of operations for Japanese firms.

Jointly organised by Japan’s Ministry of Economy, Trade and Industry (METI) and India’s Ministry of Steel, the high-level discussions aimed at strengthening collaboration in the steel sector.

The dialogue was co-chaired by Vinod Kumar Tripathi, Joint Secretary, Ministry of Steel, India, and Hideyuki Urata, Deputy Director General, METI, Japan.

Guided by the Memorandum of Cooperation (MoC) signed in December 2020, the India-Japan Steel Dialogue remains an institutional mechanism fostering innovation, sustainability, and resilience in the steel sector.

Both nations reaffirmed their shared vision to enhance strategic partnerships and drive forward sustainable industrial growth.

(KNN Bureau)