New Delhi: Minister of Steel Dharmendra Pradhan has extended his congratulations to steel major ArcelorMittal-Nippon Steel India and the government of Odisha for signing an MoU on March 4, for setting up a 12 MT integrated steel plant in Kendrapada district of Odisha with an investment of Rs 50,000 crore. "This mega steel plant in Kendrapada will bring a new wave of economic development and employment generation in Odisha and will give a boost to Prime Minister Narendra Modi's vision of Purvodaya and Aatmanirbhar Bharat," said Pradhan in a statement.
ArcelorMittal Chairman and CEO LN Mittal had met Pradhan on March 2 and had discussed the growth of the steel industry in India, particularly in eastern India. Pradhan had earlier launched Mission Purvodaya in the steel sector to drive the growth of eastern India to make it an integrated steel hub through setting up a steel cluster and greenfield capacity addition. The mission is in line with the Prime Minister's vision of Purvodaya for driving growth of eastern India and will contribute to achieving National Steel Policy's envisioned capacity of 300 MTPA by 2030.
The government is committed to providing all kinds of facilities for setting up this mega steel plant, said Pradhan. The 12 MT steel plant is a culmination of the government's efforts towards bringing in investors for wealth creation and employment generation through supportive policy reforms such as National Steel Policy as well as facilitative infrastructure.
This ArcelorMittal-Nippon mega steel plant in Kendrapada will benefit from massive infrastructure developments in the region over the past six years such as the expansion of Paradip port and the setting up of Mahanadi riverine port, key freight and passenger rail corridors such as the Paradip-Haridaspur new line, fast-track construction of highways etc. Pradhan expressed gratitude to Prime Minister Narendra Modi for according the highest priority to the holistic and business-friendly development initiatives in Odisha.
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