Setting up of Steel Plant in Mayurbhanj
The Minister of Steel, Shri Beni Prasad Verma has said that according to the New Industrial Policy announced in July, 1991, steel industry has been de-licensed and removed from the list of industries reserved for the public sector subject to certain locational restrictions. No industrial licence is, therefore, required for setting up steel plants and the entrepreneurs are free to set up such plants anywhere in the country except in the restricted locations.
In a written reply in the Rajya Sabha today he said, as per information available in the Ministry of Steel no major steel investment has been proposed in the Mayurbhanj district in Orissa. He said, the steel investors are free to decide location of the project, including in Mayurbhanj district, based on the techno-economic feasibility of their project. Ministry of Steel has no direct role in deciding the location of a steel project by a steel company.
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