In a significant development towards sustainable manufacturing, India and the United Arab Emirates (UAE) are joining forces to collaborate in producing green steel and high-grade aluminium. This partnership aims to strengthen industrial ties, enhance clean energy-driven metallurgy, and boost trade under the India-UAE Comprehensive Economic Partnership Agreement (CEPA).
Key Objectives
- Strengthen India-UAE industrial ties under CEPA.
- Collaborate on green steel production and energy-efficient systems.
- Develop high-grade aluminium and steel for automotive and strategic applications.
- Boost trade and resource security through joint ventures.
Highlights of the Discussion
- India’s role as the 2nd-largest steel producer globally and its focus on green manufacturing.
- UAE’s clean energy infrastructure and strategic trade location as assets in the partnership.
Joint Development Areas
- Automobiles
- Strategic industries
- High-end manufacturing
Role of CPSEs (Central Public Sector Enterprises)
- SAIL: Importing limestone from UAE’s Stevin Rock LLC and exploring long-term supply tie-ups.
- NMDC: Interested in expanding mining collaborations in the Gulf.
- MECON: Supporting engineering projects in oil & gas, steel plants, and smart infrastructure in the UAE.
Future Collaboration Mechanism
- Proposal to set up a joint working group to identify opportunities under CEPA.
Focus Areas
- Logistics optimization
- Technology partnerships
- Investment facilitation
Strategic Vision
- UAE as a strategic partner in India’s industrial future.
- Supporting India’s ambition of becoming a $5 trillion economy.
Key Takeaways for Competitive Exams
- India and UAE collaborating in green steel and aluminium production.
- Focus on strengthening industrial ties, clean energy-driven metallurgy, and boosting trade.
- Role of CPSEs in facilitating partnerships and technology exchange.
- Strategic vision to enhance India’s industrial growth and economy.
