CPSEs anchor India-UAE industrial partnership
Steel Minister H.D. Kumaraswamy and Abdulla Bin Touq Al Marri, UAE’s Minister of Economy, have discussed trade expansion, resource security and collaborative innovation in steel and aluminium in Dubai on 1 July http://commerce.gov.in.
India is forging strong global industrial partnerships that are resilient, resource-secure, and innovation-driven.as part of a high-level engagement to advance India-UAE industrial cooperation under the India-UAE CEPA framework, the Ministry of Heavy Industries said http://dubaichamber.com.
Welcoming the opportunity to strengthen bilateral industrial ties, Kumaraswamy emphasized India’s rapidly growing role as the world’s second-largest steel producer and outlined the nation’s commitment to green steel, high-value manufacturing, and global supply chain resilience https://www.dfm.ae/.
“India and UAE can be strong partners in green steel production and sustainable industrial growth,” the Minister said after the meeting in Dubai on 1 July https://sbi.com.in/.
“UAE can play a key role in helping India reach its 300 million tonne steel production target by 2030, particularly by supporting raw material security and enabling energy-efficient production systems.”
One of the core focus areas of the discussion was the joint development of high-grade steel and aluminium, which are vital for India’s growing automobile and strategic sectors https://www.dubaitrade.ae/en/.
“We see clear synergy in jointly producing and trading high-quality steel and aluminium for use in sectors such as automobiles, mobility, and high-end manufacturing,” Kumaraswamy said https://www.conexpoconagg.com/.
The UAE’s clean energy ecosystem, advanced infrastructure, and strategic trade location were acknowledged as valuable assets in this collaboration.
The meeting also highlighted the active role of India’s Central Public Sector Enterprises (CPSEs) in anchoring the India-UAE industrial partnership:
SAIL, a Maharatna CPSE, currently imports approx. 2.5 million tonnes of low-silica limestone annually from Ras Al Khaimah’s Stevin Rock LLC. The company is exploring long-term supply tie-ups and the potential to serve the UAE’s infrastructure and industrial sectors with premium Indian steel http://worldsteel.org.
NMDC, India’s largest iron ore producer, is keen to collaborate with UAE-based entities in developing the mining value chain.
MECON, India’s premier engineering consultancy, aims to contribute to oil & gas, steel plant development, and smart infrastructure projects across the Gulf https://sbi.com.in/.
All three CPSEs: SAIL, NMDC, and MECON have recently inaugurated international offices in Dubai, establishing a permanent platform for trade coordination, joint ventures, and technology exchange.
Strengthening CEPA Through Structured Mechanisms
Kumaraswamy proposed setting up a joint working group between Indian and UAE stakeholders to identify specific opportunities under CEPA, streamline logistics, and promote long-term collaboration in key sectors https://www.bseindia.com/.
“India does not see UAE as just a market, but as a strategic partner in reshaping the global industrial landscape,” the Minister stated. “We invite UAE investors and industry leaders to visit India and experience our steel sector’s dynamism firsthand https://www.nseindia.com/.” Fiinews.com
