Capital goods (CG) producers from the across the globe inked 38 MoUs with leading Indian steel companies envisaging reduction in imports of CGs meant for the steel sector worth Rs 39,400 crore by promoting manufacturing of capital goods in the country.
The MoUs were signed at a conclave in Bhubaneswar which was organised by the Union Ministry of Steel in association with Confederation of Indian Industry (CII) and MECON.