New Delhi, July 8 (IANS) Public sector giant Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding (MoU) with Indonesia’s PT Krakatau Steel (Persero) Tbk to explore the possibility of setting up a joint venture for manufacturing stainless steel slabs in Indonesia during the high-level engagements between the Indian and Indonesian governments, as part of Prime Minister Narendra Modi’s visit to Jakarta, a SAIL statement said on Wednesday.The proposed collaboration brings…
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New Delhi, April 23 (IANS) Commerce and Industry Minister Piyush Goyal said on Thursday that the India–South Korea free trade agreement (FTA), signed in 2009 and brought into effect in 2010 during the Congress-led UPA II government, is the result of a poorly negotiated, imbalanced agreement tilted against India.“Since then, bilateral merchandise trade between the two countries has increased by 92.7 per cent, with India’s imports rising by 103.7 per cent, clearly not favouring India. Thus, …
New Delhi/Seoul, April 21 (IANS) HD Hyundai, South Korea’s leading shipbuilding conglomerate, said on Tuesday it has forged a partnership with Indian government-backed entities to establish a joint shipyard in India.HD Hyundai said it signed a memorandum of understanding (MOU) with NSHIP TN and Sagarmala Finance Corporation Ltd. (SMFCL) of India in New Delhi on Monday (local time) to cooperate in building a joint venture shipbuilding company, reports Yonhap News Agency.NSHIP TN (National Shipbui…
New Delhi, Feb 3 (IANS) Bengaluru-based precision-engineered components manufacturer Sansera Engineering Limited could strengthen its position in the automotive value chain and create additional revenue streams through its joint venture with Japan’s Nichidai Corporation, a report has said.The report from Machine Maker said the strategic joint venture will help Sansera diversify its portfolio beyond internal combustion engine components, access new customer segments and overseas markets.Sansera E…