New Delhi, Sept. 29 -- Congress general secretary in-charge of communications Jairam Ramesh on Tuesday questioned the pace of private investment in India, contrasting the latest major investment announcement by the Essar Group in the United States with what he described as a continuing weakness in private capital formation at home.
In a post on X, Ramesh referred to US President Donald Trump's announcement of an $18 billion investment by Essar Group's US subsidiary Mesabi Metallics in an integrated iron and steel project linking an iron-ore mine in Minnesota with a new steel complex in Iowa. The project involves a proposed $15 billion steel complex in Iowa and about $3 billion in investment in the Minnesota mine and associated facilities....