Profit

Mittal unhappy over delay in steel plants

PUBLISHED ON: November 16, 2007 | Duration: 2 min, 13 sec

  
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Lakshmi Niwas Mittal may be betting big on the Indian steel industry but he is not happy with the pace at which things are moving in India. Arcelor-Mittal, the world's biggest steelmaker, is in the process of setting up two steel plants of 12 mt each in Orissa and Jharkhand bringing in over $20 billion of FDI. But constant delays due to bureaucratic and political red-tape have kept things in limbo.
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