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Home arrow News arrow Business News arrow SAIL Board accords in-principle approval for 10 Steel Processing Units
SAIL Board accords in-principle approval for 10 Steel Processing Units Print E-mail
Written by Viswanath   
Friday, 12 August 2011
New Delhi: The SAIL Board has accorded 'in-principle' approval for 10 nos. of Steel Processing Units (SPUs). These are to be set up in Bihar (Bettiah, Mahnar and Gaya), Madhya Pradesh (Hoshangabad, Ujjain and Gwalior), Assam (Guwahati), Uttar Pradesh (Lakhimpur), Jammu & Kashmir (Srinagar) and Himachal Pradesh (Kangra).

The Minister of Steel, Shri Beni Prasad Verma said that the SPUs at Bettiah and Kangra have been accorded final approval by SAIL Board for implementation. There is no proposal at present for any Steel Processing Unit (SPU) to be set up in the State of Chhattisgarh.

He said that as per information available in the Ministry of Steel no major steel investment has been proposed in the Mayurbhanj district in Orissa. He said, the steel investors are free to decide location of the project, including in Mayurbhanj district, based on the techno-economic feasibility of their project. Ministry of Steel has no direct role in deciding the location of a steel project by a steel company.

According to the Industrial Policy announced in July, 1991, steel industry has been de-licensed and removed from the list of industries reserved for the public sector subject to certain locational restrictions. No industrial licence is, therefore, required for setting up steel plants and the entrepreneurs are free to set up such plants anywhere in the country except in the restricted locations.

 
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