India and Australia keen to widen scope of business relation between the two countries
The meeting was attended by Deputy High Commissioner to India Chris Elstoft, Secretary, Steel, Dr. Aruna Sharma, and other senior officials from Australia and India.
Birender Singh shared details of National Steel Policy 2017 and other initiatives being implemented by the Indian Government in the past few years.
He invited members of the Australian government and businesses to be a part of the ambitious growth and development opportunities available in India.
He stated that there is ample scope for strengthening bilateral relations through investments, technology transfer and knowledge sharing.
The Minister also highlighted areas of concern for India steel industry like wide fluctuations in prices of coking coal imported from Australia and disadvantage to Indian steel exporters due to concessional tariffs for other countries.
Keith Pitt said that Australia is also keen on widening the scope of relations from natural resources to technology sharing and knowledge exchange.
Australian investors are excited to witness growth and potential of business in India, he added.
Pitt said that Australia would be happy to help in sharing its expertise in extracting resources efficiently.
Both sides agreed to take the discussions further for working on areas of mutual interest and finding avenues for collaboration and cooperation, according to a release by the Indian Ministry of Steel.
Image: PIB
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