<h1>India Promotes Greenfield Steel Projects via SPVs in Joint Ventures with PSUs and State PSUs.</h1> The Ministry of Steel, Government of India, is promoting Greenfield Steel Projects through Special Purpose Vehicles (SPVs) in joint ventures between public sector undertakings (PSUs) and state PSUs. An MoU was signed in May 2015 for establishing Steel SPVs in Chhattisgarh, involving the Ministry, SAIL, NMDC Ltd., and the Chhattisgarh State Government. SAIL forms joint ventures with Board approval, adhering to Department of Public Enterprises guidelines. SAIL has not withdrawn from any MoU, which are preliminary understandings that may lead to specific agreements. An MoU was also signed in 2013 for a Titanium Sponge and Metal Complex in Kerala.