“This memorandum of understanding with POSCO marks a significant step forward in our journey to contribute to the Indian steel industry. As one of the world’s fastest-growing economies, India presents tremendous opportunities for sustainable growth, and our partnership with POSCO strengthens JSW’s commitment to drive that transformation,” said JSW Group chairman Sajjan Jindal. 

“This joint venture also entails collaboration for renewable energy for a state-of-the-art integrated steel plant and for setting up an electric vehicle ecosystem in India. Together, we aim to set a benchmark in technology and sustainability that can shape the future of manufacturing in India and beyond.” 

POSCO chairman Chang In-hwa said the agreement strengthens his company’s ties with JSW Group.

“This collaboration will contribute significantly to the economic development of Korea and India and drive our joint efforts towards a more eco-friendly and sustainable future," he said.