Indo-Kazakh Joint Venture to Strengthen India's Titanium Supply Chain
| Aspect | Details |
|---|---|
| Event | IREL (India) Limited and Kazakhstan's UKTMP JSC form joint venture IREUK Titanium Limited. |
| Objective | Produce titanium slag in Odisha, India. |
| Signatories | Key signatories include Dr. Deependra Singh (CMD, IREL) and Ms. Assem Mamutova (President, UKTMP). Witnessed by Dr. A.K. Mohanty (Secretary, DAE). |
| Countries Involved | India (IREL) and Kazakhstan (UKTMP JSC). |
| Raw Material | IREL's surplus ilmenite from Odisha. UKTMP JSC provides advanced technology for titanium slag production. |
| Products | Enhances India's production of high-grade titanium feedstock. UKTMP JSC's titanium products used in Boeing and Airbus. |
| Economic Impact | Aims to increase foreign exchange earnings, create jobs in Odisha, and strengthen India's titanium self-reliance. |
| Strategic Significance | Aligns with India's Atmanirbhar Bharat initiative; signed in the platinum jubilee year of DAE. |
| Key Technology | UKTMP JSC's advanced titanium production technology combined with IREL's ilmenite expertise. |