Indian PSUs Seek Further Ties with UAE in Steel and Aluminium Sectors
- During his recent UAE trip, the minister concluded a three-day visit with inaugurations of NMDC and MECON offices in Dubai and a meeting with Sheikh Saud.
- During his UAE visit, the minister discussed securing long-term access to Ras Al Khaimah's low-silica limestone and sourcing critical minerals like dolomite and steel-grade limestone.
- India's SAIL has over 20 million tonnes annual steel capacity, sourcing 2.5 million tonnes of limestone from Ras Al Khaimah's Stevin Rock annually.
- The Dubai office opening is expected to expand business opportunities for SAIL and facilitate a joint CEPA-based working group for long-term collaboration.
- Looking ahead, India aims for 300 million tonnes of steel by 2030, supported by UAE's energy-efficient systems and mineral resources, aligning with Modi's expansion goals.
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Union Minister HD Kumaraswamy inaugurates Steel Authority of India Representative office in Dubai - The Press United | International News Analysis, Viewpoint
Union Minister of Steel, Heavy Industries and Public Enterprises HD Kumaraswamy inaugurated the Steel Authority of India Limited (SAIL) representative office in Dubai, marking another significant milestone in strengthening bilateral relations between India and the UAE while creating new business opportunities for India’s largest steel producer. The office is located at Lake Central, Business Bay, Dubai. The event witnessed the…
Mashreq becomes 1st UAE bank to get nod for GIFT City branch
UAE-based lender Mashreq has become the first from the country to receive in-principle approval from IFSCA to open a branch in Gujarat’s GIFT City, offering trade finance and treasury services with tax incentives, boosting India–Middle East trade.
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