Beijing, May 09: A “Steel Dialogue” exchange forum between China& India was launched today, marking a significant development in world steel industry, with two of the top five steel producing countries coming together to share resources. On this occasion, a Memorandum of Understanding was signed which focused on establishing a frequent dialogue amongst steel industries of both nations.
Zhu Jimin, Chairman CISA and Chairman Shougang Group Corp., represented Republic of China, and C.S.Verma, Chairman (Steel Authority of India Limited), a Maharatna PSU signed on behalf of the Indian Delegation.
The MOU was witnessed by U.P.Singh, Joint Secretary, Government of India, Ministry of Steel, senior officials of SAIL,Tata Steel, JSW, ESSAR & JSPL from India, while Chinese contingent consisted of representatives from China’s steel companies such as Bao Steel, Wuhan Steel, Government of PR China-MIIT and steel equipment manufacturers.
Speaking on the occasion, SAIL Chairman C.S. Verma asserted that through the MoU, a platform for building a dialogue and cooperation in major steel related areas will be addressed. He also mentioned that it will open new corridors for venturing with the Chinese Steel Industry and also facilitate in addressing emerging issues in the evolving steel markets like technology transfer, joint venture, training for developing expertise in design engineering, operation, construction, research & development, etc.
Joint Secretary, Government of India, on this occasion applauded the untiring and persistent efforts of the Chinese community and which has led to China being recognized as a major force in the Globe.