Are Foreign Investors getting fed up with India?

LN Mittal, who runs ArcelorMittal the biggest steel manufacturer of the world, has shifted his priority from India to other countries like Brazil, Liberia and Canada. In the website 4traders.com, Mittal shows his concern for their project in India and he quotes, “Capital is scarce and in India for our [existing] projects, process of [regulatory] approvals is still going on.” He said that India is still on high priority list but as of now they have to shift their priority to other countries.

He continues saying, “I feel bad, I feel a bit concerned, But, there's no way I can ignore India and I am not giving up on these projects.” He adds, “The India story is definitely not over. The country is growing continuously, there's momentum. Annual growth rate of 7%-to-7.5% is quite high and envy for the rest of the world.”