PTI reported that JSW steel would review all its Greenfield projects, a top official of the group today advised entrepreneurs to turn the current economic downturn into opportunities.

Mr Biswadip Gupta MD of JSW Bengal Steel said that "There is a downturn in manufacturing. But these are also moments of opportunity because necessity triggers innovation. Therefore, we need people who can develop cost effective processes."

Mr Gupta’s comments came a day after JSW Steel said in a financial statement that it had put all Greenfield projects under review and these would be taken up at an appropriate time after the condition of the market improves.

(Sourced from Press Trust of India)