Essar Group is looking at shipping, telecom and energy joint venture opportunities in Vietnam, Jagdeesh Mehta, president of Essar Vietnam Steel Corp., said on Thursday at an Indo-Vietnam business conference. Vietnamese Prime Minister Nguyen Tan Dung is leading a business delegation to India. The Essar Group and two Vietnamese companies said earlier this year they would establish a $527-million venture to build a hot-rolled steel mill to help reduce the country's dependence on imports of hot-rolled steel coils.
(Source: Economic Times)
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