Tata Steel to invest 15 bn on Gopalpur SEZ

tata-steel


Tata Steel to invest Rs 15 bn on Gopalpur SEZ infrastructure

 20 Domestic & International investors shown interest to set up units in  

Tata Steel plans to invest about Rs 15 billion in phased manner for development of infrastructure at and industrial park in Odisha. Nearly 20 from India and abroad have shown interest to set up their units in the park.The and industrial park is spread over 2600 acres.

Out of that portion is 1235 acres. plans to develop 500 acres initially to accommodate various units interested to set up their shops there.

Tata SteelAmong the 20 investors who have shown interest to set up units in the park, are a Taiwanese firm for a naptha plant, a Russian company for a steel downstream unit, a US-based NRI for a wellness product facility, a domestic telecom player for setting up of a cell phone manufacturing hub and a food stuff exporter for a poultry processing unit of international standard.Provisional booking of plots for these units have already been done.

Things would take a final shape in next 6 to 7 months, said the official.Tata Steel, which is the developer and anchor tenant for the industrial park project, intends to develop 500 acres of land in the first phase with provisions of facilities like road, water, electricity, affluent treatment, solid and waste management, land scaping and office building.

Already an aerial target manufacturing facility has been set up in the park by Mumbai-based Ltd in collaboration with UK’s As anchor tenant of the industrial park, has set up a 55,000 tonne per annum ferro chrome plant at an estimated cost of Rs 5.41 billion.

-Mumbai / March 28 , 2018