Mr S S Malhotra, Vice President – Operations (South Asia), TGBL and Mr Arun Misra, Chairman, Tata Steel Special Economic Zone Ltd. & VP (RM), Tata Steel, along with other government officials and officials from TGBL, Tata Steel and TATA Steel Special Economic Zone Ltd.
Gopalpur, May 30, 2019: Tata Steel Special Economic Zone Ltd. performed a ground-breaking ceremony to start construction of industrial shed for setting up a tea packing unit with 36 million kgs capacity by Tata Global Beverages Ltd. (TGBL). The plant will cater to TGBL’s Indian market and is scheduled to be operational by end of 2020. On full capacity, the plant will generate direct and indirect engagement opportunity for approximately 650 people. The total investments envisaged for the plant is approx. INR 100 Crores.
The ceremony was attended by Mr Vijay Amruta Kulange, IAS, Collector and District Magistrate, Ganjam; Mr Brijesh Kumar Rai, IPS, SP, Ganjam; Mr. S S Malhotra, Vice President – Operations (South Asia), TGBL and Mr. Arun Misra, Chairman Tata Steel Special Economic Zone Ltd. and VP (RM), Tata Steel, in the presence of other government officials, customers of the industrial park and officials from TGBL, Tata Steel and TATA Steel Special Economic Zone Ltd.
Gopalpur industrial park is located on National Highway 16 near Berhampur and is just 2-hour drive from Bhubaneswar. With plug and play infrastructure, multi-modal logistics connectivity, ready environmental clearance and clear land title, Gopalpur Industrial park is emerging as the preferred investment destination of India. The flexibility of setting up unit either in Special Economic Zone for export oriented units, Domestic Tariff Area for the units targeting Indian market in multiple clusters like Steel and Metal downstream, Chemical, Food Processing, Electrical and Electronics Manufacturing, Textile and Apparel and Logistics makes it the ideal location both for MSME and large companies.
At present, there are three operating units including the ferro-chrome plant, the anchor unit by Tata Steel, and about six investors are in various stages of approval to start their construction activities. Tata Steel Special Economic Zone Ltd. has been engaging with other potential investors across the country and abroad and expects to firm up agreements with few of the companies shortly.
ABOUT TATA STEEL SPECIAL ECONOMIC ZONE LIMITED
Tata Steel Special Economic Zone Limited, a 100% subsidiary of Tata Steel Ltd, is developing its flagship industrial park in Odisha known as Gopalpur Industrial Park. The company plans to develop the industrial park as the emerging
manufacturing hub both for domestic and export-oriented industries. The Company would provide common Infrastructure, plug and play utility infrastructure and associated services to facilitate smooth grounding of the incoming units.
ABOUT TATA GLOBAL BEVERAGES LIMITED
Tata Global Beverages is a global beverage business; its brands have presence in over 40 countries. The Company has significant interests in tea, coffee and water and is the world’s second largest tea company. 330+ million servings of its brands are consumed everyday around the world. Tata Global Beverages Group has an annual turnover of approximately US$1.4bn including from its JV’s and associates; it employs around 3,000 people across the world. The company focuses on natural beverages and has a stable of innovative regional and global beverage brands, including: Tata Tea, Tetley, Himalayan natural mineral water, Tata Water Plus and Tata Gluco+, Good Earth tea, Grand Coffee and Eight O’clock coffee.
Statements in this press release describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand/supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/ or other incidental factors.