Saying a single stand-off like Singur does not make a country a less attractive inverstment destination, Arcelor Mittal president and CEO L N Mittal says he does not plan to reevaluate his proposed steel investments in India.

Mittal's comments follow the negative opinions voiced by Indian businesses on Tata Motors saying it may have to pull out its Nano project from Singur. Other companies have said they would reconsider their investments in West Bengal if the situation does not improve soon.

Mittal told reporters that one Singur could not be considered an example before the rest of the world. "One can face this kind of problem in any other country," he said.

"One particular project can face this kind of opposition from people, but the country as a whole is interested in growing," Mittal said.

He also said that Arcelor Mittal's projects in Jharkhand and Orissa were facing 50 per cent cost overruns, caused by the delay in mining and other approvals, and urged the two governments to expedite approvals.

He also said that the two state governments had been supportive of the projects so far and the issue before the company was how fast it could execute and implement the projects and how fast the governments could execute their portion of the responsibilities.

"The total cost of these projects may rise up to $30 billion," he disclosed.