Bhushan,Essar,Tata,Posco and Mittals. The total strength of investments from these giant groups who are investing in Orissa is expected to cross 45000 crores.The total production of Hot Rolled Coils and Cold Rolled Steel Strips is expected to get doubled in the coming years.
This is going to change the face of Orissa in the next decade.With iron ore reserves 0f about 4700 million tonnes, Orissa is having enough potential to cater the demand of these upcoming projects for the next 50-60 years.And moreover, with all the projects commencing in Orissa itself, the government of Orissa will get the benefit of selling value added products, instead of selling iron ores.
So now its destination Orissa for the major players in steel industry and moreover the face of this industry will have a different glow in the coming decade.
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