Agreement

Agreement Between the Government of India and the Government of the Union of Soviet Socialist Republics

For the Establishment and Development of the Bhilai Steel Plant

Date: 5th January 1956

Location: South Block, New Delhi, India

Preamble

The Government of the Republic of India (hereinafter referred to as "India") and the Government of the Union of Soviet Socialist Republics (hereinafter referred to as "USSR")

Acknowledging the importance of fostering industrial and economic development in India as part of its Five-Year Plans.

Recognizing the USSR's technical expertise in the field of heavy industries, particularly steel manufacturing.

Affirming the principles of mutual respect, cooperation, and shared economic progress.

Agree to the following terms for the establishment and development of the Bhilai Steel Plant (hereinafter referred to as "BSP").

Article 1: Objectives of the Agreement