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Essar Group to invest $650 mn more in US steel plant: Prashant Ruia

Company to focus on energy, metals and mining, infrastructure and technology in India, he says

PRASHANT RUIA, director of Essar Group
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PRASHANT RUIA, director of Essar Group

Dev Chatterjee Mumbai

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As President Donald Trump rolls out his Make in America plans, India’s Essar Group is finalising an additional $650 million investment in its plant in the state of Minnesota. It had invested $1.7 billion earlier. PRASHANT RUIA, director of Essar Group, in a telephone interview from the World Economic Forum in Davos in Switzerland, told Dev Chatterjee  that his company is bullish on the American and Indian markets. Excerpts:
 
With a new US administration in place, will the Essar Group consider increasing its investment in the United States?
 
The US is a crucial market for us, and our investments reflect our