1. Home
  2. >

SAIL signs MoU with Korea Export Insurance Corp

Business

Steel Authority of India Limited (SAIL) has signed a Memorandum of Understanding with Korea Export Insurance Corporation (KEIC). The MoU seeks to establish the framework of co-operation in supporting and encouraging trade and/or investment in the field of industries where SAIL is involved and related business for the development of such industries. The MoU was signed by Mr. Soiles Bhattacharya, Director (Finance)/SAIL and Mr. Ryu Chang-Moo Chairman & President/ KEIC).
The MOU also seeks to establish a strategic alliance in exchange of information and experience with respect to related industries and collaboration between the two parties.
KEIC, a Government agency of the Republic of Korea promotes Korean business entities’ exports, overseas investments and other overseas businesses through its diverse programmes including its insurance and guarantee products. Under the MoU, both the companies will seek to promote co-operation in trade and /or investment credits provided by KEIC related to imports from Korean suppliers including imports for the IISCO Steel Plant project of a blast furnace and/or investments with Korean companies.

Most Popular

Awards

Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore

Conferences

Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020