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Major investment planned for Naxal hit Gadchiroli district

In a significant development for the Naxal-affected Gadchiroli district, the foundation stone for a Rs 10,000 crore integrated steel plant was laid on Wednesday. The event took place in the presence of key officials, including Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, along with industry minister Uday Samant and food and drug administration minister Dharmaraj Baba Atram.

News Arena Network - Mumbai - UPDATED: July 17, 2024, 08:37 PM - 2 min read

Foundation Laid for Major Steel Plant in Gadchiroli by Devendra Fadnavis and Ajit Pawar.

Major investment planned for Naxal hit Gadchiroli district

Foundation Laid for Major Steel Plant in Gadchiroli by Devendra Fadnavis and Ajit Pawar.


In a significant development for the Naxal-affected Gadchiroli district, the foundation stone for a Rs 10,000 crore integrated steel plant was laid on Wednesday. The event took place in the presence of key officials, including Deputy Chief Ministers Devendra Fadnavis and Ajit Pawar, along with industry minister Uday Samant and food and drug administration minister Dharmaraj Baba Atram.

 

This ambitious project, which will be developed by Surjagad Ispat Pvt Limited, is set to play a crucial role in boosting the local economy. The first phase alone will see an investment of Rs 2,500 crore, paving the way for further expansion in the future. Once operational, the steel plant is expected to create approximately 8,000 jobs, significantly impacting the local community.

 

Ajit Pawar emphasised the government’s commitment to investing in remote tribal areas like Gadchiroli. He noted that the initial investment of Rs 2,500 crore would eventually rise to Rs 10,000 crore, benefiting the local population not only through direct employment but also by generating indirect job opportunities. The government aims to implement this project with a focus on environmental sustainability, ensuring that nature is preserved during its development.

 

Deputy Chief Minister Devendra Fadnavis highlighted the potential of Gadchiroli to become a major player in India’s steel production. He stated that soon, the district could contribute 30 percent of the nation’s total steel output. During a media interaction, Fadnavis remarked that the Surjagad integrated steel plant is a crucial step towards achieving this goal.

 

The project, expected to produce around 8 million tonnes of steel annually, reflects the government’s broader strategy to transform Gadchiroli. Fadnavis mentioned that along with this steel plant, additional investments in the region would create thousands of jobs, further enhancing economic opportunities for the local tribal population.

 

The government’s commitment to local employment is evident, with plans for 80 percent of job opportunities to be reserved for residents of the area. This approach aims to uplift the local community and ensure that the benefits of industrialization reach those who need it most.

 

Gadchiroli has long been known for its challenges, including its status as one of Maharashtra's most Naxal-affected districts. However, the establishment of the integrated steel plant signifies a positive shift in the region's development trajectory.

 

The presence of substantial iron ore reserves in the area adds to the viability of this project, presenting an opportunity for growth that has been previously unrealized.

 

Moreover, Tata Steel has also recognized the growth potential in India. Recently, the company announced its capability to double its manufacturing capacity, reflecting the increasing demand for steel in the country. With current production figures standing at 21 million tonnes per annum, Tata Steel's expansion plans indicate a strong future for the Indian steel industry.

 

The combination of government initiatives and private sector investments like Tata Steel's presents a promising outlook for Maharashtra's industrial landscape.

 

As these projects come to fruition, they are likely to reshape the economic fabric of Gadchiroli and similar regions, moving towards a future of enhanced productivity and employment.

 

The laying of the foundation for the integrated steel plant in Gadchiroli is not just a significant industrial venture but also a crucial step towards the socio-economic upliftment of the region.

 

With strong government support and a focus on local employment, the project aims to harness the region’s natural resources while ensuring environmental sustainability. 

 

As Gadchiroli stands on the brink of transformation, the collaborative efforts between the government and private entities may pave the way for a prosperous future for its residents.

 

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