Berhampur, October 9, 2015: The registration process of lease deed of land earmarked for Special Economic Zone at Gopalpur in Ganjam district of Odisha to the name of Tata Steel Special Economic Zone Ltd. started on Friday, October 9, 2015 at the Sub-Registrar Office, Chhatrapur of Ganjam district, in which 1,235 acres of land was registered in the first phase.
“With the registration of land in favour of the company, we hope to get the Special Economic Zone notification for Gopalpur from the Government of India in November. By early December, we would launch Gopalpur as an investment destination. We have already talked to investors in China and South East Asia who have shown interest to invest in the Gopalpur Special Economic Zone,” said Mr. Arun Misra, VP, Project Gopalpur, and MD, Tata Steel Special Economic Zone Ltd.
The Gopalpur Industrial Park being developed by Tata Steel will facilitate industrial development of the region to a great extent. Besides generating substantial employment opportunities, the Park will also contribute to the all-round socio-economic development of the area. With the inception of the multiproduct Special Economic Zone in the district, Ganjam is all set to establish itself as the next industrial hot spot of the state apart from being just a tourist destination.
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.
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.