Texas Gov. Greg Abbott Announces Deal With Indian Firm to Upgrade Houston-area Steel Plant

MUMBAI, India -- Indian conglomerate JSW Group will spend $500 million to upgrade a steel plant it owns outside Houston, creating 500 new jobs, Gov. Greg Abbott and company officials announced Monday.The state will chip in $3.4 million from Abbott's deal-closing Texas Enterprise Fund, officials said at a news conference Mumbai, India."We are proud to be connected with the largest steel producer in India," Abbott said.The announcement was the first concrete result of Abbott's nine-day, business-recruitment trip to India.In a conference call with Texas reporters, he said a "micro level" purpose of his trip is to "tie up loose ends" on other pending deals. He did not promise to generate any more job-creation news while he's in India but said he expects in coming weeks "some announcements that result from meetings I have here."  Continue reading...

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