Posco makes its official proposal for plant in State

Shell has sought 50 acres of land; proposes Rs 1,300 cr investment

Highly placed sources from the department told Deccan Herald that the company, which had first approached the State last two months ago, has made its intention to set up a plant here official.

Sources from the Karnataka Udyoga Mitra (KUM) —— State Level Single Window Clearance Committe’s (SLSWCC) nodal agency —— said that Posco has proposed to set up a 6 million tonnes per annum (MTPA) finished steel plant in North Karnataka with a 400 MW captive power generation.

The company, in its proposal, is understood to made an investment proposal of Rs 32,000 crore and generate an employment for 20,000 people, sources said, adding that Posco’s proposal for 5,000 acrs of land will be referred to the State High Level Committee for clearance on Tuesday.
Exuding confidence that the firm will not have too many hiccups in the State, sources said, that the government is keen on clearing Posco’s proposal and that it is most likely to be through on Tuesday.

Meanwhile, petroleum major Shell has also made a formal proposal to Karnataka asking for near the Bangalore International Airport for its research and development (R&D) centre. “Shell Technologies has sought for an 50 acres of land around the new airport to set up a world class oil and gas related R&D centre with a proposed investment of Rs 1,300 crore.”
Further, sources said that several other small proposals including that of Tata Elxsi Limited have been made. However, details of the same are yet to be examined by the concerened authorities, they added.
DH News Service

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