NEW DELHI: The world’s leading steelmakers ArcelorMittal and Posco have plans for US$14bil of new investment in India, despite a history of delays in their existing projects.
ArcelorMittal would ink an accord in June to spend 300 billion rupees (US$6.6bil) for a six million tonnes a year plant in southern Karnataka state, its chief minister said after a meeting with the firm’s chairman Lakshmi Mittal.
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