Tata Steel SEZ Ltd is discussing with 13 to 14 investors to set up heavy industries in its special economic zone at Gopalpur in the eastern state of Odisha.
The company is aiming to attract Indian rupee 15,000-20,000 crore worth of investment in defence, metal downstream and electronics as well as chemicals and pharmaceuticals over the next five years.
Tata is to further invest INR2,000-2,500 on infrastructure in the 2,970-acre SEZ, master planning for which has been completed.
It is also planning to invest in the expansion of privately-owned Gopalpur port, which is five km from the SEZ.
A Tata Power’s proposal for a power plant is being considered at the zone, where the UK-based Migget Corp is setting up an assembly plant for “unmanned aerial vehicle targets” which are used by army for firing practices.
Tata Steel SEZ has already built infrastructure, including road, power and water, in the early development of the zone which includes a ferrochrome plant, said its managing director Arun Misra during a marketing presentation at the “Emerging India Forum 2016” held in Singapore on March 18. fii-news.com
