Tag Archives: Lakshmi Mittal

ArcelorMittal-France deal: Reach pact over disputed Florange plant, President under pressure

A fresh crisis erupted on Saturday after French government signed an agreement with the steel giant ArcelorMittal to avoid the elimination of about 600 jobs and also allow investing 180 million euros over one of its three largest French factories, the Florange plant.

After a day of agreement, French trade unions accused President Francois Hollande of being threatened to possible nationalization of ArcelorMittal’s Florange steelworks.

Indian Economy will grow despite politics over policy paralysis: Lakshmi Mittal

Lakshmi Mittal 260x300 Indian Economy will grow despite politics over policy paralysis: Lakshmi MittalThe year 2012 seems to be bad for India as one by one, factor dealing with economy clean their hands for making any share in the Indian economy as modest progress scope.

Recently, Lakshmi Mittal, a successful international businessman especially known for progress of his steel company ArcelorMittal, is plan to invest its scarce capital towards other markets than his native land India, searching quicker returns.

The world’s biggest steel company’s owner disappointed from Indian paralysis policy that resulted much less scope for his planned Indian investments in steel sector where his company is the undisputed world leader, producing over 100 million tonnes a year with a staff of 2.6 lakh across 60 countries.

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