ISA, AISC sign MoU for steel industry cooperation

30 May 2023 CW Team

The Indian Steel Association (ISA) and the ASEAN Iron and Steel Council (AISC) have signed a memorandum of understanding (MoU) for bilateral cooperation between the Indian and ASEAN steel industries. The MoU was signed on 21 May 2023 in Manila, Philippines.

The MoU aims to leverage the strengths, expertise, and resources of both organisations to unlock new avenues for growth, innovation, and sustainability in the steel industry. The delegation from India was led by Dilip Oommen, President of ISA and CEO of AMNS India. The Secretary-Generals of ISA and SEAISI and other senior officials of ISA, South East Asia Iron and Steel Institute (SEAISI) and AISC also attended the signing ceremony.

The MoU was signed by Dilip Oommen and Purwono Widodo, President of ASEAN Iron and Steel Council and President Director of PT Krakatau Steel.

The signing of the MoU is a significant step towards strengthening cooperation between the Indian and ASEAN steel industries. The MoU will enable the two regions to share knowledge and expertise, and to collaborate on research and development projects. It will also help to promote trade and investment between the two regions.

The MoU is a positive development for the global steel industry. It will help to ensure that the industry is able to meet the growing demand for steel in a sustainable way.

Also Read
Himachal Pradesh transport department aims Rs 8.5 bn revenue
Governor reviews NHAI projects in Himachal Pradesh

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..