Bhubaneswar, March 5: A day after steelmaker ArcelorMittal Nippon Steel India (AM/NS India) inked an MoU with the Odisha Government for setting up a 12 MT per annum (MTPA) greenfield integrated steel plant in Kendrapada district with an investment of Rs 50,000 crore, Union Steel Minister Dharmendra Pradhan on Friday said that the Centre will provide all facilities for setting up the plant.
“Government of India is committed to provide all kind of facilities for setting up of this mega steel plant. The 12 MT steel plant is a culmination of the Government of India’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,” said Pradhan in a statement.
Extending congratulations to the AM/NS India and Odisha Government for signing the MoU, Pradhan, who hails from Odisha said, “This mega steel plant in Kendrapada will bring a new wave of economic development and employment generation in Odisha and will give boost to Prime Minister Narendra Modi’s vision of Purvodaya and Aatmanirbhar Bharat.”
“The proposed ArcelorMittal-Nippon mega steel plant in Kendrapada will benefit from massive infrastructure developments in the region over the past six years such as expansion of Paradip port and 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,” it said.
AM/NS India executive chairman L N Mittal had met Pradhan on March 2 in which the growth of steel industry in India, particularly in eastern India was discussed.