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India-Russia: Mining and Steel industry, Co-operation, Significance, Details,

 

 

 India and Russia Agreed to co-operative in the mining and steel industry: Details, About 

India and Russia have agreed to cooperate in the mining and steel industries after signing a memorandum of understanding (MoU).

Some key facts are noteworthy:

About MoU

In Moscow, the two countries signed a Memorandum of Understanding. It intends to carry out commercial activities and collaborative ventures in the coking coal industry. Among the commercial activities are:

Significance of MoU

The Memorandum of Understanding is notable since it was agreed at a time when India's non-power industries, such as cement, aluminum, and secondary steelmakers, are experiencing severe thermal coal shortages.

 


 

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