India-Russia Steel Talks Strengthen Bilateral Ties with New Tech Deals

The round table conference was convened at the Ministry of Steel, co-chaired by the Secretary of the Ministry of Steel and Pavel Sorokin, First Deputy Minister of Energy of the Russian Federation.

The meeting was attended by a high-level Russian delegation, including representatives from industry and key supply chain partners, as well as leading Indian steel companies.

This is the second India-Russia round table held this month, coming close on the heels of the earlier meeting on April 16, co-chaired by the Secretary, Ministry of Steel, Government of India, and Mikhail Iurin, Deputy Minister of Industry and Trade of the Russian Federation.

The two sides see these meetings as a platform for constructive engagement and exchange of views on matters of mutual interest in the steel sector, including raw material sourcing, technological collaboration, equipment manufacturing, and research opportunities.

Both sides discussed various aspects of bilateral cooperation and reviewed the existing engagement between the two countries.

Discussions were held on broad areas concerning the steel sector and related industries, with a view to further strengthening cooperation.

The interaction also enabled both sides to better understand each other's perspectives and explore opportunities for continued engagement in the sector.

The importance of sustained dialogue and cooperation was emphasised during the meeting.

The discussions reflect the longstanding partnership between India and the Russian Federation.

Both sides expressed their intent to continue engagement and further strengthen cooperation in the steel sector.

Both nations are exploring sharing advanced steelmaking technologies, specifically for high-grade and speciality steels used in the automotive and defence sectors.

India is also keen to ensure a stable supply of coking coal from Russia to feed its growing steel production capacity.

Joint research efforts are exploring low-emission technologies and sustainable, green steel production.

- IANS