Leaving India was biggest challenge - Mittal
Facebook Twitter google+ RSS Feed

Leaving India was biggest challenge - Mittal

By SiliconIndia   |   Monday, 29 June 2009, 05:44 Hrs   |    1 Comments
Printer Print Email Email
Leaving India was biggest challenge - Mittal
New Delhi: "The biggest crisis or challenge I faced I believe is when I left India. I did not have any exposure to the global market, global situation and I landed up in a country (Indonesia) I never knew about," said Laxmi Mittal, Chairman and CEO, ArcelorMittal.

He admitted that ArcelorMittal did not anticipate a crisis of this magnitude, and said that the company has acknowledged the slowdown and was the first one to resort to cost-cutting measures.


Mittal, 58, born in Sadulpur, Rajasthan, parted ways with his father and brother and took over the international affairs of the family business and left for Indonesia than three decades ago.


He founded the Mittal Steel company in 1976. He expressed his disappointment over delays in securing regulatory approvals for his 1 lakh crore steel project in India. "We are disappointed with this. We are still awaiting some of the approvals, land approvals, environment approvals, and mining license; clearly this has delayed the progress by two years."

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
Reader's comments(1)
1: It is always challenging outside home. but proud that guys like you have made our country strong
Posted by:Shamii - 28 Jun, 2009
SPOTLIGHT