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Odisha envisions 100-mtpa steel capacity by 2030

Press Trust of India  |  Bhubaneswar 

The Odisha government on Thursday sought cooperation from industries to meet its target of producing 100 mtpa steel by 2030.

The state has 47 steel plants with a total installed capacity of 32.24 million tonne per annum (mtpa).

"We have told the steel industries that all facilities be provided for early implementation of projects," Industries Minister D S Mishra said, after an interactive session with the executives of more than 60 steel-manufacturing companies.

Stating that transportation of raw materials was the main challenge towards achieving the goal by 2030, Mishra said, "We need to expand rail, road and port facilities in order to meet the goal. Both steel industries, state government and the Union government need to work in tandem."

The minister said that Odisha provides an "unparalleled conducive ecosystem" for the steel companies to expand manufacturing facilities.

He said the state government is also developing the 'Vision 2030' for downstream industries to achieve more than 50 per cent value addition to the primary metal produced in the state.

The minister urged the steel companies to undertake social initiatives through CSR activities for inclusive and sustainable development across various regions of the state.

Industries Secretary Sanjeev Chopra added that going forward, Odisha would focus on creating enabling infrastructure to reduce logistics cost for the industries.

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

First Published: Thu, August 08 2019. 22:30 IST