Steel Minister invites Australian investors
Industry concerned about coking coal prices
Union Steel Minister Birender Singh has invited Australian Government and Businesses to be a part of the ambitious economic growth and participate in development opportunities available in India.
The New India provided ample scope for strengthening bilateral relations through investments, technology transfer and knowledge sharing, Singh told Assistant Minister for Trade, Tourism and Investment, Keith Pitt, on 28 August 2017.
Singh also highlighted areas of concern for Indian steel industry like wide fluctuations in prices of coking coal imported from Australia and disadvantage to Indian steel exporters due to concessional tariffs for other countries.
Pitt, who is in Delhi, responded, assuring Australia was also keen on widening the scope of relations from Natural Resources to technology sharing and knowledge exchange.
Australian investors were also keen on the potential of business in India, added Pitt.
He assured that Australia would be happy to help in sharing its expertise in extracting resources efficiently. fii-news.com