Mr Mittal committed to steel projects in India
PTI cited Mr LN Mittal chief of ArcelorMittal as saying that he will not give up his India projects because of the delays in securing regulatory approvals for steel plants in the country.
Mr Mittal said “He was disappointed by the progress made so far. But we are not going to give up. I think we are in constant dialogue with all the government authorities and bureaucrats. Whenever I have a chance I apprise them of the progress that we are making.”
He said "We are losing opportunity of participating in India's growth. We are committed to the country. We have been working on this project for several years. We have a team already in India which is all the time working on it."
The world's largest steel producer is working on modalities to set up two 12 million tonne per annum steel mills, one each in Jharkhand and Orissa. It wants to cash in on the demand for steel in India but said it is constrained by the delays in getting mining and environmental clearances for the projects.
(Sourced from http://www.steelguru.com/news/index/2009/07/31/MTA0ODA1/Mr_Mittal_committed_to_steel_projects_in_India.html)
Mr Mittal said “He was disappointed by the progress made so far. But we are not going to give up. I think we are in constant dialogue with all the government authorities and bureaucrats. Whenever I have a chance I apprise them of the progress that we are making.”
He said "We are losing opportunity of participating in India's growth. We are committed to the country. We have been working on this project for several years. We have a team already in India which is all the time working on it."
The world's largest steel producer is working on modalities to set up two 12 million tonne per annum steel mills, one each in Jharkhand and Orissa. It wants to cash in on the demand for steel in India but said it is constrained by the delays in getting mining and environmental clearances for the projects.
(Sourced from http://www.steelguru.com/news/index/2009/07/31/MTA0ODA1/Mr_Mittal_committed_to_steel_projects_in_India.html)
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