Post

ArcelorMittal to establish research and development center in India

ArcelorMittal to establish research and development center in India

Luxembourg based ArcelorMittal, the world’s largest steel making company, is planning to set up a research and development center in India according to its CEO,Laxmi Mittal. ArcelorMittal has twelve R&D centers across the world with a budget of $250 million. India will be the thirteenth location and the company has yet to choose the city, see video below.

Mittal CEO on India’s New Delhi Television

Western companies are driven to setup captive R&D centers in India such as this one,  not only because of low-cost labor, but also because of the need for flexibility and for access to local and regional markets in India and neighboring countries.  It is not an easy task, in fact my company holds webinars on the subject of setting up captive R&D centers in India.

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries