Industry & Economy
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Infrastructure
L.N. Mittal favours land acquisition for projects
Our Bureau
New Delhi
March 25
Favouring land acquisition for large-scale industrial projects in the country, Mr L.N. Mittal, President and CEO, Arcelor Mittal, said that such projects help in large scale manufacturing besides providing employment to people.
"The Problem is not with the Government. It is lack of education among people that if the projects come up, they will help in providing employment to their family members."
While speaking to presspersons at the convocation ceremony of Institute of Management Technology-Ghaziabad, Mr Mittal said that the world now looks at India differently as changes are taking place at a fast pace. Bullish on the steel sector in the country, Mr Mittal has signed a MoU with the Orissa Government for setting up an 10 million tonne steel plant in the State. He is also in talks with the Jhakhand Government for leasing ore mines for the purpose of setting up another plant of 10 mt capacity.
Earlier, the Commerce and Industry Minister, Mr Kamal Nath, said the cement manufacturers have given the assurance that they will maintain the current prices for the next 12 months.
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