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INDIA BUSINESS WORLD - JANUARY 1st - JANUARY 15th - 2008

JINDAL MAKES INDIA'S BIGGEST INVESTMENT IN LATIN AMERICA

Jindal's $2.1-billion investment in a Bolivian iron concern is India's biggest in Latin America, the company's chief said. Naveen Jindal, chief at Jindal Steel & Power Limited, said after meeting with President Evo Morales: "This is the largest investment in Latin America by an Indian company," and predicted it would open the way to future projects. Jindal has already done the bureaucratic work to launch work on the Mutun iron reserves near the town of Puerto Suarez and the Brazilian border.

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