"Mittal's withdrawal from (the project in) Odisha exposes Chief Minister Naveen Patnaik's lack of sincerity to make the state industrially developed," said Odisha Pradesh Congress Committee President Jaydev Jena.
"The CM mislead the people by inviting major steel makers like ArcelorMittal and Posco," Jena said.
While ArcelorMittal has already announced scrapping of its project, Posco has been waiting for the last eight years to set up its plant, he added.
Terming ArcelorMittal's withdrawal as a major setback for Odisha, the BJP state unit said the company had withdrawn its project at a time when there was a need for massive investments in the state.
"It is unfortunate that the (government) makes false claims of bringing crores of investment to the state to wipe out unemployment and strengthen the economy," Sharma said, adding that no other major company would now like to invest in Odisha.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
