SAIL steels PM’s Make in India drive in Chh’garh
A memorandum of understanding (MoU) was signed for setting up an Ultra Mega Steel Project (UMSP) in Bastar District, Chhattisgarh, in the presence of Prime Minister Narendra Modi between Steel Authority of India Ltd (SAIL) and the Government of Chattisgarh.
Minister of Steel & Mines Narendra Singh Tomar, Chief Minister of Chhattisgarh Dr Raman Singh, Minister of State for Steel and Mines Vishnu Deo Sai and Steel Secretary Rakesh Singh were present on the occasion.
The memorandum of understanding was signed by Steel Authority of India Ltd Chairman C S Verma, Joint Secretary in the Union Ministry of Steel Sayedain Abbasi and Chhattisgarh Commerce & Industries Secretary S K Singh.
Other senior public sector undertaking (PSU) officials and high ranking officials from State Administration and Union Government were also present.
Steel Authority of India Ltd has taken the lead to take forward the Make in India campaign of the year-old Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) Government under the leadership of Prime Minister Narendra Modi.
A Special Purpose Vehicle (SPV) has been formed by Steel Authority of India Ltd, which along with another public sector undertaking would take up the project development activities in Bastar district in the State of Chhattisgarh, for setting up of a greenfield steel plant of around 6 million tonnes per annum (mtpa) capacity in two phases.
The total investment is likely to be in excess of Rs 20,000 crore in the first phase. The setting up of the steel plant would generate direct and indirect employment and would result in massive socio-economic development of the region, in line with the ‘Make in India’ campaign.