JSW Steel, Japan's JFE Steel to invest $663 million in India JV:

Daily Current Affairs / JSW Steel, Japan's JFE Steel to invest $663 million in India JV:

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Category : Business and economics Published on: February 15 2024

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JSW Steel will be setting up a 50:50 joint venture with Japan-based JFE Steel Corporation and will be investing Rs 5,500 to set up a plant in Karnataka.
The JV, which was signed in August 2023, will include the establishment of a manufacturing plant in the southern Indian state of Karnataka, while production is expected to start in fiscal 2027.