Arcelor keen on steel manufacturing in India
Facebook Twitter google+ RSS Feed

Arcelor keen on steel manufacturing in India

By agencies   |   Wednesday, 30 March 2005, 08:00 Hrs
Printer Print Email Email
NEW DELHI: After South Korea’s Posco announced investing $8 billion for a steel plant in Orissa, the world's second largest steel maker Arcelor has expressed its desire to explore opportunities for investing in India.

Arcelor representatives have given positive response and said they will send a company delegation for fact-finding to arrive at concrete investment plans for manufacturing presence in India.

"The meeting with the Indian steel minister Ram Vilas Paswan was good. Arcelor has shown interest for India in the steel sector but no concrete proposal was discussed," Luxembourg ambassador Paul Steinmetz said.

Meanwhile, another Luxembourg-based engineering major, Paul Wurth is trying to forge long-term alliance with Steel Authority of India (SAIL) to supply technology for its $5.7 billion expansion program.

"We are talking to Sail officials for contracts for SAIL expansion and we have already made several presentations and would continue to do so. We are already working with Sail and Tisco projects," Horst Kappes, president & CEO, Paul Wurth India said.


Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Philips
Sr. Executive
ISB
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
NIC
Reena Khanna
Founder
Solitaireworld
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
SPOTLIGHT