NDTV reported that unhappy over the delay in getting clearances for his projects, the world's largest steelmaker Mr LN Mittal said that India was not his top priority for investment.
Speaking to newspersons on the sidelines of the convocation of the Indian Institute of Management, Ahmedabad where he was the chief guest, Mr Mittal said that "I do not want to give you any timeline about my Indian projects experienced so much of delay. India is not my top priority for investment it is top priority as a country but not a top priority for investment.'
Mr Mittal said that "In spite of the fact that European steel demand is down by 30% there are many countries around the world like American region, emerging markets like India, China, Africa, all these countries will continue to grow. Globally the demand for steel would continue to grow at 3 to 3.5%.'
He added that "We have to take action to re size our operating footprint to the reality of the demand scenario.'