Today: 6 May 2025
21 March 2022
1 min read

India pitches for collaboration with GCC in steel sector

The Indian government has recently launched a flagship scheme for specialty steel called Production-Linked Incentive (PLI)…writes Krishnan Nayar

The just-concluded “Steel Week” at the India Pavilion at Expo 2020 Dubai is expected to lead to a wider collaboration with GCC countries in the steel sector, the Indian Ministry of Steel has said in a recap of the events associated with the week.

“As part of the Steel Week, one-to-one meetings were held with leading players in steel production and logistics industries based in the UAE,” the Ministry said. “An interactive session on ‘Steel Usage in UAE and Collaboration Opportunities for Indian Steel Sector’ was held between key steel producing companies from India and steel user companies in the UAE.”

India’s Minister of Steel, Ram Chandra Prasad Singh, hoped that the recently-concluded Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India will pave the way for India’s steel sector “to set foot in the Middle East and North Africa region using the UAE’s trade infrastructure and entrepot facilities as the base”.

ALSO READ: India’s merchandise exports touch $390 billion

The Indian government has recently launched a flagship scheme for specialty steel called Production-Linked Incentive (PLI). Its features and its focus areas were highlighted during meetings in the UAE with the objective of exploring the potential for increasing bilateral trade in steel.

Singh met representatives from the PIO Chambers of Commerce and Industry and the Indian Business and Professional Council, comprising of members from leading industries in the UAE in the course of the week.

Previous Story

No trust motion: Pak opposition warns of sit-in 

Next Story

Dubai to host global cybersecurity experts

Latest from -Top News

UAE Reopens Doors to Lebanon

The prime minister expressed Lebanon’s “utmost gratitude and appreciation to the UAE” and President Sheikh Mohamed bin Zayed Al Nahyan….reports Asian Lite News Lebanon welcomed the decision by the United Arab Emirates

SYRIA RAIDS: Arab League Slams Israel

The Arab League condemned the airstrikes and called on the international community and the United Nations to confront what it described as “repeated violations committed by Israel against the Syrian state.” The

India Rises, Africa Watches 

While struggling economies in Africa engulf themselves in ideological battles and take sides in the tariff battles, nations like India are placing their national interest first and navigating Global Trade challenges in

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of
Go toTop

Don't Miss

Australia expects to revive FTA talks with EU at G20

Talks on the landmark deal broke down in July amid

LIC International, Policybazaar team up to drive insurance growth

Through this partnership LIC International aims to gain a significant