Cabinet approves India-Japan pact in steel sector
11 December 2019
The union cabinet has given its approval for signing the memorandum of cooperation (MoC) between the government of India and the government of Japan for constituting an ‘India-Japan Steel Dialogue’ to strengthen cooperation in steel sector.
The MoC will help in capacity building for high grade steel manufacturing in India.
The ‘India-Japan Steel Dialogue’ envisages enhancement of mutual understanding to secure sustainable growth in the steel sector.
The dialogue will include all aspects of cooperation in steel sector, including promotion of investment in high grade steel making and finding new avenues of steel usage in India.
The cabinet chaired by Prime Minister Narendra Modi also gave its approval for the signing of a memorandum of understanding between the Central Electricity Authority of India and the Japan Coal Energy Centre, on bilateral cooperation for efficiency and environmental improvement for sustainable, stable and low-carbon supply of electricity.
The MoU will provide an enabling framework to address issues and barriers in expediting sustainable, stable and low carbon thermal power development by means of studies, training programme and knowledge-sharing activities, outcomes of which are to be conducive to overall power development in India as well as to expedite relevant policy implementation by the government of India.