August 20, 2010

Foundation stone for Tata Steel’s Gopalpur Industrial Park laid

Bhubaneswar: Strengthening its century-old relationship with Orissa further, Tata Steel, today, performed the groundbreaking ceremony of the Gopalpur Industrial Park at Gopalpur in southern Orissa. The park is expected to attract investments of Rs10,000 crore to Rs15,000 crore and generate employment for around 10,000 people.
 
The foundation stone for the project was laid by Naveen Patnaik, chief minister, Orissa, in the presence of a host of dignitaries, which included SN Patro, minister for revenue and disaster management, Orissa, and Bikram Keshari Arukh, minister for rural development and law, Orissa.
 
Others who graced the occasion included Nityananda Pradhan, Sidhant Mohapatra and Renubala Pradhan — all MPs; and Niranjan Pradhan, Pradeep Kumar Panigrahi, Purna Chandra Sethy, Purna Chandra Swain and Debaraj Mohanty — all MLAs.
 
Tata Steel was represented by HM Nerurkar, managing director, and Sanjiv Paul, vice president, corporate services, among others.
 
Anchor investments of Rs1,000 crore proposed to be made by Tata Steel at the Gopalpur Industrial Park include spend for a 50,000-TPA ferro chrome 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 by Tata Steel to facilitate industrial development of the region. The park will primarily attract investments in steel and allied downstream industries, engineering, chemicals and other emerging sectors.
 
In his address, Mr Patnaik described the day as a happy and memorable one and expressed the hope that the project would be implemented soon. He said, the Gopalpur Industrial Park would attract investments from diverse sectors of industry like steel, metals, engineering, chemicals, gems and jewelry, marine products, etc.
 
Speaking on the occasion, Mr 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 Tata Steel would invest Rs1,000 crore on a 50,000-TPA ferro chrome plant and 400,000-TPA rebar steel mill.
 
He also informed that the projects are being designed with rainwater harvesting, 100-per-cent recycling and desalination of seawater. This will ensure 'green' development while ensuring that irrigation doesn’t suffer.
 
Mr Nerurkar appealed to all concerned to ensure the success of these two projects with a view to boosting investors’ confidence and thereby helping in attracting investments to the tune of Rs10,000 crore to Rs15,000 crore to the Gopalpur Industrial Park. “This will greatly facilitate sustainable economic development in and around Ganjam district,” he added.
 
Tata Steel will leverage the strength of companies in the Tata group to develop the internal and external infrastructure with a view to attracting maximum investment to the industrial park, the pre-feasibility study of which was undertaken by Ernst & Young. Jurong Consultants of Singapore have developed the concept master plan for the Gopalpur Industrial Park.
 
Besides generating substantial employment opportunities, the Gopalpur Industrial Park will also contribute to the all-round economic development of the region.
 
The Tata Steel group is investing Rs35,000 crore in the steel, ferro alloys, port, power and other sectors of industry in Orissa. Together, these projects will generate employment for more than 30,000 people in the state.

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