A delegation from JISF met Chairman, SAIL, Mr C S Verma at SAIL Corporate Office on 29th October, 2014. Mr. Verma is also the President of Indian Steel Association (ISA), the apex body of the Indian Steel Industry.
JISF formed in 1948, is the apex federation of the Japanese Iron & Steel industry and is a key organisation for the development of iron & steel industry in Japan. All the leading steel companies of Japan are represented in JISF.
Mr C S Verma apprised JISF about the Indian steel industry and its plan to increase steelmaking capacity to 300 Mtpa by 2025 envisaging total capital outlay of USD 200 billion spread over next 12 years. India, which is the 4th largest steelmaking country in the world, has the requisite enablers to soon become the 2nd largest steel producing country. The recent visit of the Hon’ble Prime Minister of India to Japan has paved the way for increased collaboration between the steel industries of the two countries.
The Delegation then had an extensive interaction with the cross functional SAIL team. The team briefed the Delegation about the direction of the Indian economy and the Indian steel industries’ potential for growth. The delegation was also given a brief overview of SAIL and its future plans. The possible areas of collaboration with the Japanese Steel industry were also discussed in detail and which included areas like technology, products, CO2 reduction in steel making, improving coal blends, benchmarking studies etc.