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LN Mittal proposes R&D centre in steel in Bengaluru

He mooted the idea to chief minister BS Yediyurappa at Karnataka Pavilion at Davos during the world economic forum (WEF) meet on Wednesday. Top Karnataka officials led by the chief minister inquired about the six-million tonne per annum (MTPA) steel mill he planned to set up at Ballari district.

ET Bureau|
Last Updated: Jan 22, 2020, 08.57 PM IST
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Mittal told the chief minister that the project has run into problems for various reasons.
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BENGALURU: Lakshmi Niwas Mittal, chairman of world’s largest steelmaker, ArcelorMittal has offered to set up a research and development (R&D) centre in Bengaluru to conduct research on various forms of steel usage.

He mooted the idea to chief minister BS Yediyurappa at Karnataka Pavilion at Davos during the world economic forum (WEF) meet on Wednesday. Top Karnataka officials led by the chief minister inquired about the six-million tonne per annum (MTPA) steel mill he planned to set up at Ballari district.

Ten years ago, Yediyurappa, as chief minister, had signed up for the project at a global investors meet in Bengaluru. Mittal told the chief minister that the project has run into problems for various reasons. He urged Yediyurappa to sort out the issues, and he will start work on a solar power plant. The chief minister, however, told the steel magnate to work on both solar and steel plants, simultaneously. Mittal, however, promised to invest on an R&D plant on steel use in Bengaluru.

Yediyurappa also met heads of a few multinationals including Dassault Systems , Baharat Forge , Lockheed Martin , Lulu Goup and Novo Nordisk. The chief minister assured them that his government was ready to resolve all their issues, and clear all their hurdles to make their proposed investments a reality.

Lulu group Chairman MA Yusuf Ali said he will soon take steps to invest Rs 2000 crore in Karnataka in logistics sector. Industries minister Jagadish Shettar and chief secretary TM Vijaybhasker also participated in the meetings.

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