India & Japan boost partnership in manufacturing sector
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On December 22nd the “Memorandum of Cooperation between the Ministry of Steel, Government of India and the Ministry of Economy, Trade and Industry, Government of Japan in the Field of Steel Industry” was signed.
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NEW DELHI: India and Japan has taken a key step towards widening their economic partnership in the steel sector and steel industry which will boost India’s manufacturing industry.
On December 22nd the “Memorandum of Cooperation between the Ministry of Steel, Government of India and the Ministry of Economy, Trade and Industry, Government of Japan in the Field of Steel Industry” was signed.
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India, Japan devise mechanism for cooperation in steel industry
India, which is the second-largest producer of steel, still lags behind countries Japan and China in terms of per capita consumption.
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Updated: Dec 22, 2020, 04:21 PM IST
India and Japan have devised a mechanism for cooperation in the steel industry at the joint secretary level and will see both sides discussing a number of issues in the sector including international trade.
India, which is the second-largest producer of steel, still lags behind countries Japan and China in terms of per capita consumption, and the dialogue mechanism will see New Delhi-Tokyo cooperating to increase this.