POSCO and JSW Steel signed a $7.3 billion joint venture to build a 6-million-ton steel plant in Odisha, strengthening industrial cooperation and global supply chains between South Korea and India
The Association during its general body meeting on Sunday, strongly opposed the joint venture and urged the government to hand over construction of the plant exclusively to GENCO.
M&M said the decision will not have any impact on its product plan but will enable it to focus on the core business of SUVs and also develop electric vehicles
