Mumbai :  China Steel Group, Taiwan’s biggest steel player, initiated The 2015 Taiwan steel and Metal Technology forum at the Bombay Exhibition center, Goregaon on April 17, 2015 between 3pm to 6pm along with China Steel Corporation India (CSCI), C.S Aluminium Corporation(CSAC) and China Ecotek Corporation(CEC) as its subsidiaries.

The forum aims at providing a glimpse of Taiwan’s aspirations and expectations with regards to Indian steel and aluminum market as India and Taiwan joins hands strengthening the bilateral trade relations and commercial links between the two countries. The forum provides a platform to showcase the increasing faith in the Indian market and economy by the Chinese. China Steel Group being one of the largest steel producers in the world strategically planned the collaboration with India boosting the government’s ‘Make in India’ initiative. This will highly benefit the Indian steel market and small businesses of both the countries. Also due to India’s strategic location the western ports serve as a gateway to South East Asia, Europe and Africa.

Amongst the three subsidiaries, China Steel Corporation (CSC)’s biggest investment in India is China Steel Corporation India (CSCI) which produces electrical steel in Bharuch district of Gujarat. With $2.37mn investment, the production line annually produces 200,000 tonne of non-grain oriented electrical steel.  CSC will be investing in India extensively.

The second subsidiary is C.S Aluminum Corporation (CSAC) which was established in 1996,is the largest manufacturer of rolled aluminum products in Taiwan. Its major products include aluminum plates, sheets, coils, foil, bars, wire rods, drops, zinc alloy ingots, etc. The third subsidiary, China Ecotek Corporation, founded in March 1993, provides clients a total solution service for electrical equipment installation, water treatment, steam-electricity cogeneration and conveyor systems by EPC turnkey projects and O&M sectors. CEC also cooperates with CSC to research and develop products for environmental protection.

Mr. Chung-Yi Lin, Vice President of China Steel Corporation, said, “I congratulate CSGT India and CSC group with their successful venture as they explore India, which is definitely one of the most lucrative market for the steel and aluminum industry. This collaboration will strengthen the ties and help in the growth of global and local businesses. The strong Indian base and its strategic connectivity with the European markets will prove beneficial for China Steel in their plans to services Europe as well as African markets. We see the Indian steel market growing and we would like to play a major role in it through the Governments initiatives

The forum has set its focus on sharing of technology and strategies between India and China. This will be beneficial to Indian steel market in its subsequent growth and development.

Source : Lokesh Shastri