POSCO, Tata, Essar resent delay in Orissa
Several mega steel investors including POSCO, Tata and Essar echoed concern over delay in execution of their projects in Orissa and said the state government must act fast in removing the bottlenecks.
By PTI |
BHUBANESWAR: Several mega steel investors including POSCO, Tata and Essar on Thursday echoed concern over delay in execution of their projects in Orissa and said the state government must act fast in removing the bottlenecks.
"Though one has adequate reserve of raw materials, there is no meaning if the government as well as the locals fail to understand importance of mega units", Director of POSCO Research Institute, Delhi, Chang-ho Kwang said.
The government should concentrate on translating MoUs into reality instead of signing more and more MoUs, he said adding that the administration must be pro-active to remove the bottlenecks.
Essar Steel Orissa Ltd Director (project) B K Panda sought a clear policy on captive mines and said "you must make it clear whether one would get captive mines or not. There is no point in keeping investors wait by promising mines lease,"
Panda said if Orissa Government failed to take immediate steps, it might miss the bus. "Once investors quit, they may not come again to waste their time and money", he said.
Tata Steel Vice President, Varun Jha said land acquisition issue should be solved at the political level instead of leaving it on the investors.
"The quicker one gets requisite land, faster is the implementation of the (mega) projects', Jha said.
All the industry captains were speaking at a seminar on the prospect of investment in Orissa here
"Though one has adequate reserve of raw materials, there is no meaning if the government as well as the locals fail to understand importance of mega units", Director of POSCO Research Institute, Delhi, Chang-ho Kwang said.
The government should concentrate on translating MoUs into reality instead of signing more and more MoUs, he said adding that the administration must be pro-active to remove the bottlenecks.
Essar Steel Orissa Ltd Director (project) B K Panda sought a clear policy on captive mines and said "you must make it clear whether one would get captive mines or not. There is no point in keeping investors wait by promising mines lease,"
Panda said if Orissa Government failed to take immediate steps, it might miss the bus. "Once investors quit, they may not come again to waste their time and money", he said.
Tata Steel Vice President, Varun Jha said land acquisition issue should be solved at the political level instead of leaving it on the investors.
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"The quicker one gets requisite land, faster is the implementation of the (mega) projects', Jha said.
All the industry captains were speaking at a seminar on the prospect of investment in Orissa here
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