New Delhi, Sept. 9 -- India's increased domestic production and consumption of steel are attracting Japan's steel companies to expand their businesses in India through more and more joint ventures.

Speaking with ANI, on the side lines of ISA Steel conclave in New Delhi, Kazuo Mike Fujisawa, Representative, Japan Iron & Steel Federation told ANI, that many Japanese steel companies are showing interest in India.

"India has high steel production growth and its population is growing so it has high steel consumption per capita," he said.

India and Japan are old trade partners when it comes to the steel industry.

"We have couple of joint ventures. JFE has major stake holding in JSW Steel...The latest joint venture between JEF and JSW was es...