India is still a great investment hub: Mittal

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New Delhi, Sep 10: India is still a great investment place, asserts Steel Baron Lakshmi Mittal and assured that he will not stop investing in India. Describing Tatas' crisis in Singur as a one-time incident, Mittal said this one instance cannot be set as an example for the whole country.

"It does not give us nightmares. One instance of Singur cannot be an example for the entire country," Mittal said when asked if ArcelorMittal was disturbed by episodes like those in Singur. "If we can get the 123-deal passed without the help of communist parties, why cannot we resolve the issue of Singur," he wondered. "There is something to learn and we are learning each and every day. There is no question of revisiting our decision to invest in India," he said referring to the company's plans to invest $20 billion to set up two steel plants in the country.

"I'm confident that the Nano issue will be resolved. After all, Tatas are doing a wonderful thing and they are doing it for the people of India. We are living in a democracy, a country of law and I am sure and confident that the government concerned (West Bengal) and Tatas would resolve the issue soon and amicably," he said.

Mittal"s comments follow concerns raised by other companies such as Infosys and Toyota on their investment plans.

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