After NMDC and MECON, SAIL opens office in Dubai to boost global presence Image: PSU Watch Archive
News Updates

After NMDC and MECON, SAIL opens office in Dubai to boost global presence

Steel Authority of India (SAIL) has set up an office in Dubai with an objective to tap opportunities in the emerging markets, an official statement said on Friday

PSU Watch Bureau

New Delhi: State-owned steel maker Steel Authority of India (SAIL) has set up an office in Dubai with an objective to tap opportunities in the emerging markets, an official statement said on Friday.

The company is the third public sector unit under the Ministry of Steel to have opened its overseas office in Dubai.

PSU Watch is now on Whatsapp Channels. Click here to join

SAIL has inaugurated its Representative Office in Dubai. It is SAIL's first international office in the Middle East and marks a significant step in its global expansion strategy, the ministry said.

The office was inaugurated by Union Minister of Steel and Heavy Industries H D Kumaraswamy on Thursday in the presence of the Consul General of India to Dubai Satish Kumar Sivan, SAIL CMD Amarendu Prakash and other senior ministry officials.

Positioned as a strategic hub, the Dubai office will help SAIL boost steel exports, deepen industry linkages, and reinforce India-UAE trade ties, the ministry said.

Dubai's role as a gateway to the Middle East and North Africa (MENA) region and its investor-friendly environment make it an ideal base for expanding into emerging markets. It marks a significant milestone in SAIL's evolution into a globally competitive steelmaker and reflects India's growing profile in the international steel arena, the statement said.

As per the steel ministry, SAIL, one of India's largest steel producers, sources approximately 2.5 million tonnes of limestone annually from RAK-based Stevin Rock LLC, with future procurement set to rise as part of SAIL's capacity expansion from 20 to 35 million tonnes per annum.

Earlier this week, the minister inaugurated offices of NMDC and MECON in Dubai.

Steel Authority of India Ltd (SAIL) is among India's top four steel manufacturing players having a capacity of over 20 million tonnes per annum.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

N.B.S. Rajput (IAS) appointed as Principal Secretary of Public Enterprises Department, Odisha

BPCL weighs legal options as Rs 1-crore environmental fine lingers for over a year

Free trade pact opens up $122 bn British Govt's procurement market for Indian compaines: Commerce Secretary

India announces Rs 4,850 crore Line of Credit to Maldives

Govt appoints Economic Affairs Secretary Anuradha Thakur to RBI board