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29 Mar 2018 10:06 AM, Tidings Urmi Shah

Tata Steel to invest Rs.15 billion in Gopalpur SEZ infrastructure

Twenty investors show interest to set up units in the industrial park

Tata Steel plans to invest Rs.15 billion for development of infrastructure at Gopalpur Special Economic Zone and industrial park in Odisha. The investment will be in a phased manner. Around 20 companies from India and abraod have interest in setting up units in the park. The SEZ and industrial park is spread over 2,600 acres. Out of that, SEZ portion is 1,235 acres. Tata Steel plans to develop 500 acres initially to accommodate various units interested to set up their shops there. Among 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.

References
1. http://www.business-standard.com/article/companies/tata-steel-to-invest-rs-15-bn-on-gopalpur-sez-infrastructure-118032801093_1.html