Global steel giant ArcelorMittal on Thursday entered into pact with the Karnataka government to set up a Rs 30,000-crore plant and hoped that the project would come up faster compared to its plans in Jharkhand and Orissa.
Overwhelming response to Global Investors Meet, says State Govt.
The Karnataka Government has said that ArcelorMittal is willing to offer stake in its Rs 30,000-crore steel project to farmers whose land will be acquired for the project.
Bangalore: All roads will lead to the Bangalore Palace Grounds here on Thursday as Karnataka's biggest investor festival, the Global Investors Meet, gets under way. The two-day event, hosted by the State Government, is expected to attract more than 4,500 investor-delegates from India and several other countries.
The steel sector, mining and the district of Bellary will be in the spotlight at a Global Investors Meet being organised by the government in Karnataka from Wednesday. The government is expecting to tie up deals estimated at Rs 3.5 lakh crore at the meet. Most of the deals have already been brokered and would only be signed at the meet.
Steel giant ArcelorMittal has deposited Rs 268 crore with the State Government to acquire land for its proposed steel plant in Bellary district, Industries Minister Murugesh Nirani said on Wednesday.
