India and Japan today held a bilateral meeting to discuss cooperation in the Steel sector and decarbonisation issues. The meeting was held in New Delhi between Union Steel Minister Jyotiraditya Scindia and Minister of Economy, Trade and Industry of Japan NISHIMURA Yasutoshi. Both sides stressed the importance of pursuing a policy approach that takes into account the circumstances of each country's industry, with the underlying fundamental principle of pursuing both economic growth and low carbon transition in the Steel sector.
During the meeting, they also shared the view that India and Japan are the world's second and third-largest steel producers and co-benefit partners in the global Steel industry. Both sides also affirmed the importance of cooperation for achieving their respective net zero goals, recognizing the heterogeneity of steel decarbonisation pathways.
In a tweet, Jyotiraditya Scindia said, they discussed recent developments in the Steel industry, the current global situation, and its challenges. During the meeting, he reaffirmed the Government's commitment towards the Make in India programme, along with partnerships in new domains, such as decarbonisation, green Steel production, and greater energy efficiency in the Steel sector.