Union Minister H D Kumaraswamy holds high-level talks with EU delegation on steel & heavy industries
2 min read
New Delhi: A high-level meeting was held at the Ministry of Steel, Udyog Bhawan, New Delhi, where Union Minister for Steel and Heavy Industries, H D Kumaraswamy, engaged in productive discussions with a European Union delegation led by Stéphane Séjourné, excutive vice president for Prosperity and Industrial Strategy of the European Commission.
The meeting focused on deepening cooperation between India and the European Union in the steel and heavy industries sector, with a focus on sustainability, investment and technological advancements.
Key Areas of Discussion:
• Investment in EV Manufacturing: The Indian side invited EU companies to invest in India’s growing EV sector by participating in the ‘Scheme for Promotion of Manufacture of Electric Cars in India’, which offers custom duty reductions and incentives for global automakers. “India’s automobile sector is expanding rapidly, and we encourage European companies to be a part of this transformation,” said Union Minister H D Kumaraswamy.
• Technology Development in EV Batteries: The EU delegation expressed strong interest in joint research and innovation to reduce dependence on rare earth elements and critical materials in EV battery production. Both sides acknowledged the need to develop sustainable and cost-effective battery solutions.
• Standardisation in Battery Technologies: To facilitate seamless trade and technological exchange, the EU side emphasized the importance of developing uniform standards in battery components and technologies that would enable compatibility across India and the 27 EU nations.
• India-EU Partnership in Green Steel Production: The Indian side proposed greater collaboration in technical diffusion and research for Green Steel manufacturing as part of the country’s commitment to sustainable industrial practices.
Union Minister H D Kumaraswamy highlighted India’s leadership in this area, stating, “As a landmark move towards the green transition, India became the first country to define Green Steel and released the ‘Taxonomy of Green Steel’ in December 2024. We are committed to driving this transformation on a global scale.”
• Recognition of India’s Green Steel Initiatives: The EU delegation acknowledged India’s progress in Green Steel production and emphasized the need to create a global market for Green Steel. The discussions underscored the role of policy frameworks, investment, and joint initiatives in expanding the adoption of environmentally sustainable steel manufacturing.
• Academic & Industrial Collaboration: The EU side also expressed interest in enhancing cooperation between academia and industries in both regions for the development of future technologies, particularly in low-emission steel production, carbon capture, and advanced manufacturing techniques.
A Stronger, Greener Future Together
The meeting concluded with a shared commitment to strengthening India-EU industrial collaboration.
“Together, we can achieve a greener and more resilient future for all,” the Minister affirmed, inviting European partners to invest in India’s growing steel, EV and battery industries.
With India’s strategic vision for industrial growth under Viksit Bharat 2047 and AtmaNirbharBharat, the partnership between India and the European Union is set to create new opportunities for sustainable development and technological advancement.
– Team Mysoorunews
Mysooru News
