First visit to Basque Country by India’s leading steel firm: interested in services of 42 Basque firms
The visit by top personnel from SAIL is a consequence of the contacts established during the trade mission to India led by the Basque Premier last March.
SPRI and the Siderex pre-cluster organised 25 between the giant Indian firm and Basque businesses.
The delegation from SAIL visited 6 Basque steel firms.
Top-ranking representatives of SAIL (Steel Authority of India, Ltd.) visited the Basque Country for the first time to learn at first hand about the capabilities of Basque engineering firms and manufacturers of capital goods for the steel industry. After several attempts, this visit by India's leading steel firm was finally arranged in the wake of the trade mission to India led by the Basque Premier last March.
SAIL is a conglomerate of publicly-owned companies that has a total workforce of 1.5 million, and is one of the leading players in the steel business in India, a country which is the world's fourth biggest steel producer after China, Japan and the USA.
The Indian delegation was presented to 42 Basque firms and held 25 bilateral meetings in the course of two days, arranged by SPRI and the Siderex steel pre-cluster.
The contacts that led to the visit were established in the course of the trade mission staged last March. A delegation led by Basque Government Minister for Industry, Innovation, Trade and Tourism Bernabé Unda and including the heads of Siderex visited New Delhi, where they met with the top management of SAIL, headed by Chairman Chandra Shekhar Verma, who undertook to send a deputation to Euskadi to learn more about Basque suppliers.
Apart from the 25 meetings with Basque firms, the representatives of SAIL visited the workshops and facilities of several firms, including Talleres Jaso Industrial, Ingeteam Power Technology, Sarralle Equipos Siderúrgicos, Danobat, Fagor Arrasate and Construcciones Mecánicas Vascas.
Vitoria-Gasteiz, July 23, 2012