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India, Japan hold dialogue to strengthen bilateral cooperation in steel sector

06 Feb 2025 Evaluate

With an aim to strengthen bilateral cooperation in the steel sector, India and Japan have held the 3rd Steel Dialogue on February 4, 2025. During the discussions, both sides exchanged insights on the current economic developments in India and Japan, an overview of the steel sector in both countries, the latest trends in the steel industry, the status of steel trade between the two countries, and the international steel market. 

The Indian delegation highlighted strategic initiatives by the Government of India to promote ease of doing business, sustained growth in steel demand driven by infrastructure investment, and concrete steps such as the release of the Green Steel Report and the Taxonomy of Green Steel. Additionally, India's firm resolve to promote research and development in the sector, coupled with demographic advantages, presents significant opportunities for Japanese investors.

The Japanese side shared insights into current economic developments and advancements in the Japanese steel industry. They also provided updates on ongoing capacity-building programs and discussed other issues of mutual interest. A key highlight of the meeting was the review of progress and future for ongoing capacity-building initiatives aimed at enhancing technology collaboration and skill development.

Both sides reaffirmed their commitment to deepening cooperation in areas of mutual interest and identifying pathways to further strengthen strategic relationships in the steel sector. The Japanese delegation assured continued support for investments in newer steel technologies in India. In turn, India reiterated its commitment to ensure ease of doing business for Japanese companies under the framework of the dialogue.


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