Japan is sought after by the Steel Ministry to help decarbonise the industry.

In Delhi, India, the Indian Minister of Steel, Jyotiraditya Scindia, had a recent meeting with Yasutoshi Nishimura, the Minister of Economy, Trade and Industry (METI). They talked about the cooperation between the two nations in the growth and decarbonisation of the steel sector.
With 125 million tonnes (mnt) of crude steel produced in 2022, India will rank second in the world. It is anticipated to grow to 300 mnt in the future due to economic growth. Foreign investment is essential to the development of the Indian steel industry, as demonstrated by Japan's plans to invest in this sector. The possible joint venture between Japan Steel and ArcelorMittal to expand their facilities in India is one instance of this. Both governments have committed to helping Japanese businesses with these kinds of investments.

Leading nations in the steel sector, India and Japan, are collaborating to advance decarbonisation. Together, they will push the Global Data Collection Framework (GDCF) for steel, which was decided upon at the G7 summit, and grow the market for green steel. The goal of this collaboration is to speed up initiatives to lower carbon emissions in the steel sector. Furthermore, India and Japan will work together to raise awareness of the GDCF within their respective steel sectors.

Establishing a system for calculating carbon dioxide (CO2) emissions in the steel sector is one of the GDCF's challenges. India and Japan will collaborate to address this issue and develop practical methods for measuring emissions. This will help achieve the overall objective of the steel industry's decarbonisation.

The definition of green steel and market expansion will be the next priorities after a technique for calculating CO2 emissions is established. Japan wants India's assistance in order to push market expansion and encourage the use of steel that is less harmful to the environment.