"Nippon Steel and ArcelorMittal will bring out AM/NS India's potential by providing it with their respective business experience and world-leading advanced technologies, so as to promptly implement the resolution plan and realise its further business expansion. I am confident that AM/NS India will play a significant role in the development of India's steel industry, as one of its participants. "For years Nippon Steel has been making direct investments in many countries, including Brazil, the United States, China and ASEAN countries, in areas where we can take advantage of our advanced technology contributing steadily to the industrial development and the enhancement of the self-sufficiency in each host country. We will strive to establish a prominent presence in India, conforming with its policy to increase domestically-produced steel products." Aditya Mittal, President and CFO of ArcelorMittal, added: "India is a large and strategic market and we are delighted to be here.