Lakshmi Mittal says Indian project progress "slow"

BATHINDA, India Sat Apr 28, 2012 2:27pm IST

Indian-born Lakshmi Mittal, chairman and CEO of ArcelorMittal and a Goldman director since 2008, listens to a question during a news conference in New Delhi March 31, 2012. REUTERS/B Mathur

Indian-born Lakshmi Mittal, chairman and CEO of ArcelorMittal and a Goldman director since 2008, listens to a question during a news conference in New Delhi March 31, 2012.

Credit: Reuters/B Mathur

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BATHINDA, India (Reuters) - ArcelorMittal's (ISPA.AS) is progressing slowly with the company's Indian steel plant projects in Jharkhand and Karnataka, chairman Lakshmi Mittal said on Saturday

"There is some progress in terms of getting land, etc, a lot of approvals are needed but progress is slow," Mittal said.

The company's plans in Jharkhand and Karnataka have been hit by local opposition to the projects and wrangles over land acquisition.

(Reporting by Nidhi Verma; Editing by Ed Lane)

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