Economic, social and cultural development of any country mostly depends upon its human resource

potential. According to Arthur Lewis, “there are great differences in development between countries
which seem to have roughly equal resources, so it is necessary to enquire into the difference in human
behaviour”. As such though the countries are endowed with same level of natural resources, technology
and international aid etc., their productivity and development mostly depends upon the availability of
efficient human source and more importantly, the commitment of such resource.Internationalization of
both public and private sector organizations has rapidly changed the complexion of human resource
management. The internationalization of organization makes human resource management more
challenging because it raises a number of new issues

like cross-cultural training, compensation and benefits etc. As such the human resource should be viewed
with an international perspective.Another recent development that has taken place is shifting importance
from service-oriented organizations to manufacturing organizations, which have resulted in growing
importance of the human resource. Without predicting human behaviour

JSW Steel Ltd. is an Indian steel making company based in Mumbai, Maharashtra. It is a subsidiary of
JSW Group. It is one of the fastest growing companies in India with a global footprint in over 140
countries. After the merger of ISPAT steel, JSW Steel has become India's second largest private sector
steel company.

JSW Steel formed a joint venture for a steel plant in Georgia. The company has also tied up with JFE
Steel Corp, Japan for manufacturing the high grade automotive steel. JSW has also acquired mining assets
in the Republic of Chile, United States and Mozambique.

History

In 1994, Jindal Vijayanagar Steel (JVSL) was set up with its plant located at Toranagallu in the Bellary-
Hospet area in the State of Karnataka, the heart of the high-grade iron ore belt and spread over 10,000
acres (40 km2) of land. It also set up a plant at Salem with an annual capacity of 1 million tonnes. It is on
the cusp of a major expansion plan

manufacturing capacity of company is 18 MTPA. In Aug 2014, it acquired Welspun Maxsteel Ltd in a
deal valued at around 1,000 Crores. JSW has already acquired 3 MTPA Hot Rolling Plant in Dolvi
Maharashtra (earlier named Ispat Industries Ltd