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

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