Question

Lakshmi Mittal, the famous NRI industrialist, is partnering with Govt. of India for which of the following big projects?

• A. Oil Refinery
• B. Atomic Power Plant
• C. Biotechnology
• D. Mining

Hint:

Look beyond Mittal's steel business to the energy-sector partnership he formed with the government around 2007.

Answer 1

The Correct Option is A

This question asks about a specific business collaboration between steel magnate Lakshmi Mittal and the Government of India, reported around 2007. The key is recalling which sector this partnership was actually in, since Mittal is popularly associated with steel, which can make people guess "Mining" by mistake.

1. Oil Refinery: Around this period, Lakshmi Mittal's business interests expanded beyond steel into energy, and he entered into talks and joint plans with the Government of India for setting up a large oil refinery project, reflecting India's growing need for refining capacity to meet rising fuel demand.
2. Atomic Power Plant: Mittal's businesses were not part of any atomic or nuclear power collaboration with the Government of India during this period.
3. Biotechnology: Mittal's core businesses are steel and, separately, energy-related ventures; biotechnology is unrelated to his known industrial focus.
4. Mining: While it is true that Mittal's steel business needs iron ore and therefore involves mining interests in a general sense, the specific big project he partnered with the Government of India on, as reported at the time, was the oil refinery project, not a standalone mining deal with the government.

Because the question is about a specific, named partnership with the Government of India rather than Mittal's general business interests, the correct match is the oil refinery project.

Let's summarize:

• Lakshmi Mittal partnered with the Government of India on a large oil refinery and related energy project.
• Mining is linked to his steel business in a general sense, but it is not the specific government partnership referred to here.

The correct answer is option (A), Oil Refinery.