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Aichi Steel Collaborates With Vardhman Special Steel

Steel News - Published on Mon, 16 Sep 2019

Image Source: ET Auto
Economic Times reported that Japanese steel manufacturer Aichi Steel has collaborated with Ludhiana based Vardhman Special Steel a partnership that is expected to give a fillip to foreign investment and boost the country's crude steel capacity. Aichi Steel an affiliate of Japan's Toyota Motor Corporation would introduce cutting edge technology in the state through Vardhman besides improving quality of its products, reducing operational cost and bring process efficiencies..

Disclosing this an official spokesperson said that earlier to this development, deliberations between Chief Minister Amarinder Singh and Ambassador of Japan to India Kenji Hiramatsu were taken place thrice at New Delhi and Chandigarh regarding industrial and investment scenario in Punjab. He said that this partnership was aimed at achieving sustainable growth with 'make in Punjab' vision of the chief minister.

This partnership will also set a significant precedence for other players in the region to augment their product portfolio with similar technological collaboration with international companies.

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Posted By : Amom Remju on Mon, 16 Sep 2019
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