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JSW proposes to set up steel unit in Odisha, JSPL to expand its plant

IANS  |  Bhubaneswar 

on Monday proposed to set up a in while JSPL said it would expand its in the state to 20 million tonne per annum by 2030.

"We started setting up the and invested in port. We are commissioning new berths in We are making plans to invest for a large in Odisha," JSW said.

"If has to become a 10 trillion dollar economy by 2030, is going to play an important role. will be one of the three states beside and Tamil Nadu, as per our assessment, which could get the trillion dollar economy tag," he said at the Make in Odisha Conclave.

He said the US and have three states respectively, and each of them has become a trillion dollar economy.

(JSPL) Naveen Jindal on Monday said the group is confident to expand its steel plant at Odisha's district from the current six million tonne per annum ( mtpa) capacity to 20 mtpa by 2030 and also planned to increase its investment from Rs 45,000 crore to Rs 100,000 crore.

He said the group is also setting up an industrial park in the state.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 12 2018. 18:22 IST