NEW DELHI: Indian private firms and PSUs such as Tata SteelBSE 0.02 % and SAIL can forge partnership with the Czech Republic to manufacture high-quality CRGO/CRNGO steel mostly used in construction of power electrical products such as transformers, a top official said today. “The Czech Republic is home to two of the 12 global factories making this steel product whereas India is currently importing three million tonnes of such a high tech item,” Department of Heavy Industry Secretary Rajan Katoch said. “Our companies like SAIL, RINL, Tata Steel and the Jindals can be potential partners for manufacturing the same with Czech companies.” he state-owned SAIL is interested in using Czech expertise in production of CRGO/CRNGO steel and exploring opportunities for a joint venture with the Czech Republic in the highly specialised area, engineering exports body EEPC India said. The issue figured prominently in the minutes of the meeting of the India-Czech joint working group on heavy industries, which coincided with an event organised by EEPC India. For two of its blue-chip PSUs — Heavy Engineering Corporation (HEC) and HMT — the government is seeking investment and technology transfers from the Czech Republic. HEC was established in 1958 in collaboration with the erstwhile USSR and Czechoslovakia to drive industrialisation. Read more at: http://economictimes.indiatimes.com/articleshow/50047010.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
Source: Economic TimesIndia can partner with Czech Republic for high-quality steel’
Industry: Other 2015-12-07
