Gopalpur Industrial Park attracts Rs 2,500-crore investment

Tata Steel’s Gopalpur Industrial Park has attracted an investment of Rs 2,500 crore in the form of seven proejcts. These will create an employment potential of 3,000.

The industrial park, located next to the Gopalpur port and around 200 kilometre from Adani’s Dhamra port in Odisha, is spread over 3000 acre, of which 1200 acre is notified special economic zone (SEZ) and 1800 acre is in the domestic tariff area.

Ashish Mathur, managing director, Tata Steel Special Economic Zone Ltd, was quoted as saying by Business Standard: “All approvals are in place and four units are functional out of which one is Tata Steel’s ferro chrome plant.”

He added: “If India wants to be a Dollar 5 trillion economy, then manufacturing (growth) is required. The western region has done well but this is the time rest of the geographies need to leap frog and record GDP of at least 12-13 per cent.”

Image credit : thehindu.com

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