The outlay on this project will be Rs. 1,000 crore
After a gap of one-and-a-half decades, Tata Steel is set to build an industrial park on 3,200 acre acquired earlier by it to set up a mega steel mill at Gopalpur in Orissa's Ganjam district.
“Tata Steel as tenant anchor of the proposed industrial park will invest Rs.1,000 crore in the project,” Tata Steel Managing Director H. M. Nerukar told reporters after a meeting with Chief Minister Naveen Patnaik.
Stating that the park would start with a ferrochrome plant and a bar mill, Mr. Nerukar said the project was likely to provide employment to about 1,000 people. Stating that though some investors had come up with proposals to set up units at the industrial park, but none had so far confirmed it, Mr. Nerukar said that Tata Steel's investment in the State would touch Rs.30,000 crore with the new project. Though the company had earlier abandoned its steel plant project at Gopalpur due to water scarcity, this time Tata Steel was planning to undertake desiltation and water harvesting to meet water requirement of the industrial park, he said. The Chief Minister is scheduled to lay the foundation of the industrial park.