ArcelorMittal renews commitment to set up plant in Jharkhand

Steel major ArcelorMittal today renewed its commitment to set up a steel plant in Jharkhand, a decade after it signed an MoU with the state government for a 12 million tonne greenfield project.
Company's Chief Executive Officer (India/China) Sanjay Sharma called on Chief Minister Raghubar Das here. An official release quoted him as saying that a conducive atmosphere has been created in Jharkhand and assured of new investment opportunities.
Conveying ArcelorMittal Chairman L N Mittal's good wishes to Das, Sharma said the company was committed to investing in Jharkhand and setting up the greenfield steel plant.
Welcoming new investments and industries, Das said the state was ready to assist them in every possible manner and suggested that during the process of land acquisition and setting up of industries, companies should treat land givers as their partners by ensuring a share from the profits, housing and employment, which would not make them feel as displaced.

If the people get a good price they would not hesitate to give land, the release said quoting the Chief Minister.
The ArcelorMittal official assured that the company would follow Das's suggestions, the release added.
Mittal was present when the MoU had been signed in 2005 during the then Arjun Munda-led BJP government in Jharkhand.