November 20, 2008

Orissa tops charts in steel investments for 3rd year

It is reported that Orissa has been marching ahead towards becoming a major steel hub of the country as per reported investments and project implementation. This rank has been held by the state for three consecutive years 2005-07.

Mr Naveen Patnaik chief minister of Orissa said that Orissa has been ranked first in India in terms of value of total envisaged projects and also in terms of value of total projects under implementation.

He noted that the projected investment is of INR 600,000 crore, of which INR 300,000 crore is already under implementation. The steel sector alone has yielded more than 50,000 employment by now.

Mr Ashok Dalwai secretary steel and mines department observed that "Judicious exploitation of the states mineral wealth has laid out the road to development and prosperity while referring to the use of bauxite for the growth of aluminum industry in the state.”