Land registration starts for Tata Steel's Gopalpur SEZ

Company is developing 55,000 tonne per annum ferro chrome plant at an estimated cost of Rs 541 crore

Tata Steel's multi-product Special Economic Zone (SEZ) at Gopalpur moved a major step ahead with the registration process for land commencing in the name of the steel firm today at the sub-registrar's office at Chhatrapur in Ganjam district.

In the first phase, 1235 acres of land was registered in the name of Tata Steel.

"With the registration of land in favour of the company, we hope to get the SEZ notification for Gopalpur from the Government of India in November. By early December, we would launch Gopalpur as an investment destination. We have already talked to investors in China and South East Asia who have shown interest to invest in the Gopalpur SEZ," Arun Misra, vice president, Gopalpur project and managing director, Tata Steel SEZ Ltd.

The Gopalpur industrial park being developed by Tata Steel, will facilitate industrial development of the region to a great extent. Besides generating substantial employment opportunities, the park is also expected to contribute to the all-round socio-economic development of the area.

As an anchor tenant, Tata Steel is developing 55,000 tonne per annum ferro chrome plant at an estimated cost of Rs 541 crore.

The Gopalpur SEZ has the potential to attract investments of the order of Rs 15,000 crore. Investments are expected to flow in areas like defence, electronics, LEDs (light emitting diodes) and solar cells.

Tata Steel has roped in Ernst & Young as the consultant for the project while Singapore-based Jurong has been engaged for designing the master plan.