April 13, 2024 21:34 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'What else is Congress doing other than looting?': Kangana Ranaut in Himachal Pradesh | Iran could attack Israel sooner than later, warns US President Joe Biden | Amid unemployment, inflation issues, PM Modi's leadership likely to help his third consecutive term at govt: Survey | AAP to support INDIA bloc 'unconditionally' in UP for Lok Sabha election | Amid threats from Iran, Israel launches massive strike on Gaza
Indo-Japan bilateral meet held for cooperation in the steel sector and decarbonisation issues India-Japan
Image: PIB

Indo-Japan bilateral meet held for cooperation in the steel sector and decarbonisation issues

India Blooms News Service | @indiablooms | 20 Jul 2023, 04:27 pm

Union Minister of Steel Jyotiraditya M. Scindia and Minister of Economy, Trade and Industry of Japan Nishimura Yasutoshi held a bi-lateral meeting in New Delhi on Thursday to discuss the cooperation in the steel sector and decarbonization issues.

Both the sides stressed the importance of pursuing a policy approach that takes into account the circumstances of each country's industry, with the underlying fundamental principle of pursuing both the economic growth and low carbon transition in the steel sector.

They also shared the view that India and Japan are the world's second and third largest steel producers and co-benefit partners in the global steel industry. 

Recognizing the recent expansion of investment activities in India by Japanese steel producers, both the sides decided to support the cooperation between the public and private sectors of the two countries which will lead to the appropriate development of the global steel industry.

Both the sides also affirmed the importance of cooperation for achieving their respective net zero goals, recognizing the heterogeneity of steel decarbonization pathways. In order to continue such cooperation, it was jointly decided to hold further discussions through the Steel Dialogue and other cooperation programs, with due focus on innovative technologies for increasing energy efficiency and decarbonization of steel production in November, 2023 with the participation of the public and private sectors.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.