SAIL seeks Japanese technology partner

Steel Authority of India Ltd (SAIL), the nation’s second-biggest producer, wants to follow its local rivals in forging a technology joint venture with a Japanese partner to make higher value products amid surging demand. SAIL is in talks with a Japanese company to set up a factory in eastern India, Steel Minister Virbhadra Singh said in an interview in New Delhi. The plant may be located in Bokaro or Bhilai, where SAIL operates plants and has large areas of spare land, Singh said, without identifying the partner.