India's Largest Database on New Projects
23 August 2006: If all of the proposed capacity expansion and greenfield
ventures announced by various domestic and international steel manufacturers in
the country see the light of the day, India will achieve a capacity of over 240
million tonnes per year by 2020.
The ore rich states of Orissa, Jharkhand and Chattisgarh have signed a
slew of pacts with steel corporates for the setup of projects in these states
but this is not the first time this has happened.
Back in the 90's too, there was a similar exodus focused on Orissa with
a host of proposals for steel plants to be setup that included the likes of Tata
Steel and Kalinga Steel floated by Swaraj Paul. Of these, only Nilachal Ispat
Nigam Ltd (NINL) and Mideast Integrated Steels have seen the light of day.
While environmental issues claimed some projects, others got stuck in
local opposition to land acquisition or the lack of a transparent mining policy
that could assure the supply of iron ore. Some others suffered from the lack of
infrastructural support.
Source: Business Standard