new delhi may 4 the proposed joint venture between stateowned sail and arcelormittal to set up a rs 5000 crore autograde steel plant may be finalised this month steel minister chaudhary birender singh said today may is the last month to click or not to click we may clinche this deal steel minister chaudhary birender singh told reporters here when asked about the joint venture between sail and arcelormittal he said the government is in touch with sail on all kinds of development in this matter in march singh had said that sail and arcelormittal would resolve differences over setting up of this plant mayend is the deadline and before that we think some solution should come up some problem is solved good news should come singh had said then arcelormittal and sail inked a pact in may 2015 to explore the possibility of setting up an automotive steel manufacturing unit under a jv arrangement the proposed jv will construct worldclass facilities that will offer technologically advanced steel products for indias rapidly growing automotive sector the hotrolled input products for the proposed facility will be supplied by sails new hot strip mill in rourkela odisha thus making the entire value chain indigenous the maharatna firm does not produce automotive steel and the jv will help it expand its product portfolio the luxembourgbased arcelormittal said india is forecast to become the worlds thirdlargest automobile manufacturing nation by 2026 in an investor presentation in june 2015 the company had said the proposed steel plant will come up at a major auto cluster in india the country has four major auto clusters punechakan belt in maharashtra on the outskirts of chennai in tamil nadu sanad in gujarat and gurgaonneemrana belt that covers two states haryana and rajasthan mjh sa