Indian and Canadian officials have taken steps toward
cooperating in the iron and steel sector, potentially including
A letter of intent was
signed in New Delhi Jan. 13 by Joseph Oliver, Canadas
minister of natural resources, and Beni Prasad Verma,
Indias steel minister, for the two countries to develop
and cooperate in areas of mutual interestincluding iron
ore, coking coal and other steelmaking raw materialsand
also encourage bilateral investment opportunities in the iron
and steel business, the Indian steel ministry said.
coking coal as one area in which Canadas natural
resources could benefit India.
India is the
worlds third-biggest importer of the steelmaking raw
material, and its steelmakers have been trying to secure supply
deals around the world, including with mining companies in
Australia, the United States and Canada.
In July, Verma visited
Canada on a trade mission with the goal of generating raw
material supply agreements with Canadian companies. As a
result, the government of British Columbia agreed to cooperate
with Indias Rashtriya Ispat Nigam Ltd. (RINL) to help
source coking coal in the province.
Oliver was in India
with a high-level delegation that included Stewart Beck, high
commissioner of Canada; Rosaline Kwan, deputy commercial
program manager; and Jay Khosla, assistant deputy minister of
the energy sector.
A version of this
article was first published by AMM sister publication Steel