World News | Cabinet Approves MoU Between India, Russia on Cooperation on Cooking Coal
Get latest articles and stories on World at LatestLY. Prime Minister Narendra Modi-led Union Cabinet has approved the Memorandum of Understanding (MoU) between India and Russia on cooperation regarding coking coal, which is used for steel making.
New Delhi [India], July 14 (ANI): Prime Minister Narendra Modi-led Union Cabinet has approved the Memorandum of Understanding (MoU) between India and Russia on cooperation regarding coking coal, which is used for steel making.
An official release stated that the MoU will benefit the entire steel sector by reducing its input cost. This may lead to a reduction in the cost of steel in the country and promote equity and inclusiveness.
The MoU will provide an institutional mechanism for cooperation in the coking coal sector between India and Russia.
The objective of the MoU is to strengthen cooperation between the two governments in the steel sector. The activities involved in the cooperation are aimed at diversifying source of coking coal. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)