Indian investment moves marred by steel pullouts | Bangkok Post: news

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Indian investment moves marred by steel pullouts

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India may be trying to lure foreign investors to revive its ailing economy, but the axing of two mega steel projects underlines obstacles even industry giants face, analysts say. 

Hundreds of supporters from India's left parties demonstrate against farmland being converted into an industrial development area, during a protest against the American-Korean Posco steel plant, in New Delhi, on April 12, 2013.

Prime Minister Manmohan Singh and top ministers agreed last week to relax foreign investment rules in a bid to woo investors and boost sluggish economic growth.

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