OREANDA-NEWS. August 21, 2013. Vice President Jia Baojun and Secretary Xu Siwei met with the guests headed by Mr. Ravi Ruia, the Vice Chairman of Indian Essar Group, in the headquarter of Sinosteel. Both parties exchanged ideas on strengthening mutual understanding and cooperation. 

Essar is an international conglomerate of India, having diverse business interests spanning steel, petrifaction, energy, mining, and communications as well as other fields, whose operations covers 25 countries. In May this year, President Jia paid a visit to Essar’s headquarter in Bombay upon invitation, and formed strong consensus with Essar on strengthening cooperation in steel, mining, iron ore, pelletizing projects, trade and third country operations. 

President Jia Baojun said that Sinosteel attached great importance to the cooperation with Essar. Since the meeting in Bombay, Sinosteel has formed a special team to study the key areas of cooperation such as engineering projects and product trade, and sought to further promote related business. On matters pertaining to the selling of products in China, such as pelletizing ore, President Jia said that both parties still have great cooperation spaces, and should further enhance the communication, keep a keen eye on market change and explore new ways of cooperation for mutual benefits and win-win development. 

Xu Siwei said that in future, Sinosteel and Essar would further expand space of cooperation in project equipment and product trade, and hoped that the both parties may exchange frank ideas on cooperation model and pricing system, and push forward a long-term mutually beneficial cooperation on the basis of active exploration. 

Vice Chairman Ravi Ruia was very happy to visit Sinosteel and seek cooperation. Mr. Ruia spoke highly of many superior resources of Sinosteel and confirmed the broad space of cooperation on pelletizing ores and engineering projects. He expected to establish a long term strategic partnership with Sinosteel and carry out full-scale cooperation on the existing basis to push every business forward smoothly. 

In the meeting, both parties also exchanged ideas and reached wide consensus on the progress of existing cooperation and next work arrangement.