India's Bitter Choice: Water for Steel or Food?

摘要

Global steel giants ArcelorMittal and Posco are leading $80 billion in planned spending in India, an investment that would vault the country ahead of Japan as the second-biggest steelmaker. There's one hurdle: India's farmers and their water supply. The farmers refuse to move from irrigated land in three states that hold more than half of India's reserves of iron ore, a key material used in the making of steel. That's stymied Prime Minister Manmohan Singh's ambitions to more than triple India's steel capacity, to 232 million metric tons.