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Government of India
Ministry of Steel
01-September-2016 17:32 IST
Steel Minister invites companies and businessmen from UK & Luxembourg to be a partner in India’s growth story

“Research & Development will be the key drivers for sustainable growth of steel industry. Producers of steel will have to come forward and demonstrate advantages of using steel by executing innovative pilot projects.”  -Shri Birender Singh

 

Union Steel Minister Shri Birender Singh, who was on a 3-day visit to United Kingdom and Luxembourg, invited companies and businessmen from these two countries to invest in India and be a partner in India’s growth story. The Minister was accompanied by senior officials from Ministry of Steel and SAIL during this visit, which concluded with his arrival back to Delhi yesterday.

The Steel Minister met Deputy Prime Minister of Luxembourg Mr. Etienne Schneider. The meeting was attended by senior officials from both sides, during which various issues of mutual interest for both the countries, were discussed. Shri Singh highlighted the significance of Luxembourg from steel industry point of view and expressed gratitude to Mr. Schneider for taking a keen interest in business relations with India. He invited the Luxembourg government and businesses to explore opportunities for enhancing their business presence in India and assured of full support by the government.

During the visit, Shri Singh visited the offices of M/s. Paulworth and M/s. Arcelor Mittal, and had interaction with their top management representatives. He shared details of steps being taken by the central government in India to improve ease of doing business and to facilitate foreign investment. The Minister shared his vision for steel industry in India and termed R&D as the key driver for sustainable growth of the industry. Shri Singh stated that producers of steel will have to come forward and demonstrate advantages of using steel by executing innovative pilot projects. He exhorted the two companies to contribute their best in realization of this vision. Mutual collaboration on technology and development front can be advantageous for all the partners, for example, the Joint Venture between SAIL and Arcelor Mittal, he added.

Earlier on the first day of the visit, the Minister attended “International Conference on contribution of Sir Chhotu Ram in Pre Independence era” as the chief guest. He had extensive deliberations with the Diaspora and urged them to take active interest in India’s growth and development.

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YSK/Uma