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Tata Steel lays foundation stone for industrial park
PM NEWS BUREAU
Tuesday, August 24, 2010, 14:25 Hrs  [IST]

Untitled2.jpgTata Steel recently performed the groundbreaking ceremony of the Gopalpur Industrial Park at Gopalpur in Ganjam district in southern Odisha. The park is expected to attract investments of Rs.10,000-15,000 crore and generate employment for around 10,000 people.

The foundation stone for the project was laid by Chief Minister Naveen Patnaik in the presence of H.M. Nerurkar and Sanjiv Paul, Managing Director and Vice President - Corporate Services, Tata Steel, respectively, and other dignitaries.

Anchor investments of Rs.1,000 crore proposed to be made by Tata Steel at the Gopalpur Industrial Park include spend for a 50,000-tpa ferrochrome plant and 400,000-tpa rebar steel mill. This will generate employment opportunities for more than 1,000 people.

The Gopalpur Industrial Park is being developed to facilitate industrial development of the region and to attract investments in steel and allied downstream industries, engineering, chemicals and other emerging sectors.

Speaking on the occasion, H.M. Nerurkar said, "I am extremely happy that the process of industrialisation in this region is taking off with the setting up of the Gopalpur Industrial Park." He informed that the projects were being designed with rainwater harvesting, 100 per cent recycling and desalination of seawater to ensure green development while ensuring that irrigation did not suffer.

The pre-feasibility study for the industrial park was undertaken by Ernst & Young while Jurong Consultants of Singapore has developed the concept master plan for the project.

Tata Steel Group is investing Rs.35,000 crore in the steel, ferroalloys, port, power and other sectors in Odisha. Together, these projects will generate employment for over 30,000 people in the state.
 
                 
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