MUMBAI/CHANDIGARH : In consonance with the commitment of Punjab Chief
Minister Bhagwant Mann to turn dreams into reality for ushering an era of
industrial revolution, the work on setting up of scrap based steel plant by
Tata Steel at a cost of Rs 2600 crore kicked off on Tuesday in Ludhiana.
This is just the beginning as we deliver, what we say and the day
is not far when we will make Punjab a frontrunner state in the industrial
growth across the country”, said the Chief Minister during a meeting with the representatives
of the Tata group here on Tuesday.
The Chief Minister, while congratulating the Tata group for starting
work on this ambitious project, assured fulsome support and cooperation to them
in this noble cause. He said that this project is first ever investment made by
this globally acclaimed company in the state and second biggest in the country
after Jamshedpur. Bhagwant Mann expressed hope that investment by this major
industrial group will further put the state on a high growth trajectory of industrial
development besides opening new vistas of employment for the youth.
The Chief Minister described it as a ‘Dawn of New Era’ as earlier the
Memorandum of Understanding (MoU) were confined upto paper only whereas now the
actual work has started to give fillip to progress of the state. He said that
earlier the companies were forced to ink agreements with the affluent families
in the state to secure their vested interests. However, Bhagwant Mann said that
now the pacts are being done with the people of the state to carve out a
progressive, vibrant and peaceful Punjab.
The Chief Minister unequivocally said that the youth of the state will
be immensely benefited from this project, which will play a key role in
restoring the pristine glory of the state. He said that the Tata Group is
investing around Rs 2600 crore in the first phase of the project coming up at
Ludhiana, adjacent to Hi-Tech Valley Industrial Park of Government of Punjab.
Bhagwant Mann envisioned that this prestigious project will prove to be a
milestone in propelling industrial growth in the state.
The Chief Minister said that this electric arc furnace based plant will
produce 0.75 MTPA finished steel adding that the raw material for the steel
making process is 100% scrap. Bhagwant Mann said that the plant will be spread
over 115 acres of land adjacent to the state-of-the art Industrial Park
developed by PSIEC. He said that the project is part of the commitment of the
state government to ensure that Punjab leads the country in the arena of industrial
growth.