
Steel have to wait till Election
“With 28 steel plants going into production, we expect the crude steel production in Orissa to reach 45 million tonne by 2011-12 and the major part of it will be finished steel”, Ashok Dalwai, commissioner-secretary, steel and mines department said.
Participating in a seminar on ‘mineral junction: the future ahead’ organised by the Confederation of Indian Industry (CII) and the government of Orissa, he said, Orissa has signed MoUs with various steel companies to produce about 79 million tonne of steel. It will be about 26 percent of the total projected 293 million tonne steel production in the country by 2019-20.
· 49 MOUs for 79MTPA production
· 28 started functioning with only 8MTPA
· Posco will meet at Seol in next couple of months
· Senior Indian Officials will attend
Bhubaneswar: Sources from the ministry of steel and mines, govt of Orissa said a big No to the big investors in the state. So the Big bosses have to wait till the next election. As the Report card of the industrial growth relating to the big bosses is not eye catching and the people are against these projects so Naveen will not go further for another chance said the officials.
So it is a time for brain storming for the Big Bosses who have invested a lot and did not get anything. This unproductive investment is nearly 15hundred crores. As the figure from the industry department said this year the big industries have invested 1841.99 crores rupees in their infrastructure development and rehabilitation for their project. It also includes expenditures for land acquisition and public relations. But this large and medium scale industries got a little by this. As people are against the R& R policy and the opposition is intensifying this in these region so also the work is detaining.
Keeping it in mind the investors are thinking to withdraw their projects. In some cases they also gave a deadline. Although Possco, country's largest FDI of Rs. 51000crore has declined in a press release that it has not given any deadline but they are going to hold a meeting very shortly. It is decided that they may hold this meeting at Pohang the HQ of South Korean Posco in the next month. One political Advisor to posco India Mr. Jotiskar Mohapatra said the officials have given a call to the officials. And going to talk on this issue. As it is an election year they should remain silent. I will advise them not to give any such comment and keep patience. And it is clear that nothing will happen before election. The CM will not allow the land acquisition to avoid void propaganda, he added.
Similar is the case of other industries too. Tata, Mittal and other four industries also doing the same thing. And they will not ask for anything before the election. But the steel and Mines Minister Mr. Pradeep Amat is annoying to this. He said as there is case of transformation of the properties of the land and it is a matter of the Court so the project is going slowly. But the Govt is keen to all the parts. The land acquisition is the major problem for the investment. The joing managing director of Ispat group Mr. Rabindra Kumar Jena said, the industry should directly handle the acquisition. When govt became a part the conflict arose. So we are aquiring the private land in Orissa independently. We are sure we will be successful in land acquisition. Again when the issue relates to the foreign companies the problem aggrevated. I think people can believe upon Indian industries. And In Orissa it is easy to grow with Indian investors, Mr. Jena added.
If we analyse the facts we will be clear about the govt policies. In the financial year 2007-2008 there is a rare development in the Big and medium scale industries. The investment is also very low. There is a huge development in the small and handicraft sector. The figure from the department explained, a 1757.50 crore rupees investment in 15lac50thousand small and cottage industries. Where as a 1841.99 cores of rupees invested in 334 large and medium industries. The steel sector also reflected the same. So what is dreamt in the Naveen govt has shown a full negative remark. And it is predicted that the steel will not be a agenda for the ruling party rather it will help the opposition to get a swipe.
In the First term when Naveen comes to Power he assured to fulfill Biju's dream. And started Signing MOUs with the industrialists. 15th February 2002 was the first day to put the foundation stone in the history of MOU signing. Bhushan group being the first company to sign MOU on this date for a 2.8MTPA steel plant. Then Arati steel, Eepaz metallic, and many more. It is 2004 when Tata came to sign Mou with the govt to set up an 6 MTPA mega steel plant in Kalinga Nagar Orissa Then came Sterilite, and the Largest FDI dream came to India with Possco. Korea steel giant on 22nd june 2006 pact with Govt of Orissa to set up an 12MTPA steel plat with an investment of 51000 crore Rupees. They also assured to set up an captive port and Power plant which rather turned as a weapon for the opposition in the latter stage. In cluding Mittal Now the State has been assured a an annual production of nearly 79 MTPA steel. But it became an assurance on AIR again. And the statement of the industry commissionor proved to be wrong. In the 6 years of dream Orissa became able to produce less than 8MTPA steel now. And also a number of cases of violence and agitation came to the field with a loss of more than 16 lives. And till date the agitation is on fire and the Govt will not disturb the people as a political game. So the industries have to wait other wise they should wind up their project.
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