Tata Steel to invest Dollar5 billion in Vietnam project

UPDATED ON MAY 05, 2011 09:41 PM IST
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The governments of India and Vietnam on Thursday cleared all hurdles to enable Tata Industries to set up a Dollar5 billion steel plant, a project that had been stalled for years due to delays. Revealing the landmark decision, Ranjit Rae, India's ambassador to Vietnam, told mediapersons in Hanoi the project was expected to produce a whopping 4.5 million tonnes of steel annually.

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