Global and Indian steel industry and its role in the development of economies

India and Israel Sign Bilateral Investment Agreement to Boost Economic Ties
The Government of India and the Government of Israel signed a Bilateral Investment Agreement (BIA) in New Delhi today, marking a significant milestone in strengthening economic relations between the two nations. The agreement was signed by Union Finance Minister Smt. Nirmala Sitharaman and Israel’s Finance Minister HE Bezalel Smotrich.The signing ceremony was attended by senior officials from both governments. The BIA is expected to encourage bilateral investments, provide greater certainty for investors, and promote trade by ensuring transparent regulations, safeguards against expropriation..

President Murmu Graces EEPC India’s Platinum Jubilee in New Delhi
President of India, Droupadi Murmu, attended the Platinum Jubilee Celebrations of the Engineering Export Promotion Council (EEPC) India in New Delhi on September 8, 2025. She highlighted India’s historic role in trade and knowledge and urged EEPC to lead efforts in strengthening the nation’s position in the global economy.The President noted that India’s engineering exports have grown from USD 70 billion to over USD 115 billion in the last decade, despite global trade challenges. She commended EEPC for its role in this achievement and emphasised its importance as a bridge between interna..

Gurugram Metro Phase-1 Construction to Begin on September 5
Construction work on the much-awaited Gurugram Metro is set to commence on September 5 with a groundbreaking ceremony in Sector 44, opposite the GMDA office. Union housing and urban affairs minister Manohar Lal Khattar and Haryana chief minister Naib Singh Saini will jointly perform the Bhoomi Pujan.The first phase of the project includes building a 15.22 km elevated viaduct, 15 stations, a 1.85 km spur to the Dwarka Expressway, and a ramp to the proposed depot in Sector 33. The contract, valued at Rs 12.77 billion plus GST, has been awarded to a joint venture.Preparations for the ceremony wer..