Yes, there have been cost over-runs but no, Lakshmi Mittal is not put off by the protests against Tata Motors at Singur. ArcelorMittal is pressing ahead with plans to build two steel plants in eastern India reports The Wall Street Journal.
Elsewhere, The Economic Times reports on Lakshmi Mittal’s ‘homecoming parade’ with 700 of his senior managers from all over the world converging in on New Delhi.
It couldn’t be a bigger homecoming parade than this: top executives of the world’s largest steel maker, ArcelorMittal, have gathered in the homeland of the world’s richest Indian for their annual leadership summit.
Yes, India is obviously special for ArcelorMittal chairman Laxmi Niwas Mittal, for not only has he decided to locate his first-ever greenfield projects in India, he’s brought his top management — some 700 senior managers drawn from 60 nationalities — to experience the country first hand.