Tata Steel lays foundation stone for industrial park in Orissa

Tata Steel today laid the foundation stone for an industrial park to come up at Gopalpur in southern Orissa.

The park is expected to attract investments of around Rs10,000 crore to Rs15,000 crore and generate employment for 10,000 people.

Tata Steel managing director HM Nerurkar said that the company would be an anchor investor.

The company would invest Rs1000 crore for a 50,000tpa ferro chrome plant and four lakh tpa rebar steel mill.

Nerurkar said that the two units would generate employment of around 1,000 people.

The foundation stone was laid by chief minister Naveen Patnaik.

The park was expected to attract investments from sectors like metals, engineering, chemicals, gems, jewellery and marine products.

Pre-feasibility study of the park was done by E&Y and Jurong Consultants of Singapore.