MECON signed Memorandum of Understandings (MoU) with different foreign companies and institutions on various subjects during METEC 2019 the International Metallurgical Trade Fair organized from June 26 to June 29 in Dusselford, Germany.
During METEC-19, MECON signed MoU with Tenova Metals, Deutschland GmbH on June 27, for mutual cooperation in the area of Secondary Metallurgy that is VD, VAD, VOD and RH systems. MECON also signed MoU with Zhejiang Tengy Environment Technology on June 28 for mutual cooperation in the area of Flue Gas Desulphurization system for power plants.
Several business meetings were organized during METEC-19, with global key players of Iron and Steel Industry, to discuss latest advancements in the area of Iron and Steel Industry
MECON also co- organized a networking event in METEC 2019 to strengthen the partnership with global CG manufacturers and steel players to provide fillip to the growth of Indian Steel Industry. MECON’s active participation in this international event has strengthened its footprint in International market.
An ‘India Steel Pavilion’ was organised at the exhibition, under the aegis of Ministry of Steel (MoS), wherein MECON along with other participating Center Public Sector Enterprises (CPSE) under MoS, namely Steel Authority of India Limited, National Mineral Development Center (NMDC), Rashtriya Ispat Nigam Limited (RINL), Kedremukh Iron Ore Company Limited (KIOCL) and Manganese Ore India Limited (MOIL), showcased India’s metallurgical growth story and explored global technological developments.
The India Pavilion was inaugurated on 25th June, 2019 by Consul General of India, Frankfurt, Pratibha Parkar. Thereafter, to solicit potential investors to setup and expand manufacturing bases in India, MECON co- organised a seminar on ‘Opportunities in Indian Steel Industry’. While setting the context of the seminar, Chairman cum Managing Director (CMD) Atul Bhatt, gave a presentation on the immense opportunities in the Indian steel industry and stressed on the importance of make in India drive of Government of India (GoI), for promoting domestic manufacturing of the capital goods for steel sector in India. He highlighted the opportunities emanating from National Steel Policy-2017 which sets a target of 300 MT crude steel by 2030-31 from present level of about 138 MT.