India on priority list but low on investment front, says Mittal

With his steel projects making little progress in India, steel tycoon Lakshmi N Mittal today said the nation remains on priority list for his company, ArcelorMittal, but may have slipped low down on its investment list with focus shifting to projects in Canada and Brazil.

“India is clearly on our priority list but it may be very low in our investment list. It depends on progress of the project, how we see things in 5 years,” Mittal, Chairman of ArcelorMittal, the world’s biggest steel, said here.

From: http://ping.fm/b8XXt