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CONVENTION OF THE GOAN DIASPORA FROM GOA INTO THE WORLD
Lisbon, Portugal June 15-17, 2007 Details at: 
http://www.goacom.org/casa-de-goa/noticias.html 
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Goa, needs a Steel mill, like a bullet to the head...read on:-


Steel


Kobe Steel to build steel mill in Goa

AGENCIES

Tokyo, May 23:  Kobe Steel is in talks with India's Chowgule Group to
build a steel mill in the southwestern state of Goa, the Nikkei
business daily reported, without identifying sources.

The mill will be able to produce 500,000 tonnes a year with the
Japanese firm's investment coming to 20 billion yen (165 million
dollars), it said.

The two companies are expected to reach a final agreement over the
next few months and begin construction by year-end, it said.

In addition to India, Kobe Steel is in talks with a US electric
furnace steelmaker to begin construction of a mill in the state of
Minnesota by the end of this year, while considering production also
in Australia, it said. As the steel industry restructures worldwide,
Japanese steelmakers are also racing to go global.

Nippon Steel, the world's second largest steelmaker after the recently
formed Arcelor-Mittal behemoth, is in talks with Tata Steel, one of
India's top conglomerates, to produce steel sheet for Japanese
automakers operating in India as early as 2010, reports said earlier.

Japanese automakers -- major customers of Japanese steelmakers -- have
been stepping up their presence in India, which is posting rapid
economic growth. Suzuki Motor Corp holds a majority stake in Maruti
Udyog, India's largest

carmaker.



URL: http://www.financialexpress.com/latest_full_story.php?content_id=164989

-- 
DEV BOREM KORUM.

Gabe Menezes.
London, England
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