Tata Steel's Gopalpur Industrial Park has attracted seven projects with an investment line-up of Rs 2,500 crore and an employment potential of 3,000.

Located next to the Gopalpur port and around 200 kilometre from Adani's Dhamra port in Odisha, the industrial park is spread over 3000 acre, of which 1200 acre is notified special economic zone (SEZ) and 1800 acre is in the domestic tariff area. However, only one of the seven projects is in the SEZ since SEZs are no more an attractive investment location for industry. Speaking to Business Standard, Ashish Mathur, managing director, Tata Steel Special Economic Zone Ltd, said, “All approvals are in place and four units are functional out of which one is Tata Steel's ferro chrome plant.”

Three of these units are in the chemical zone, two are food processing plants and two are in downstream steel business. “If India wants to be a $5 trillion economy, then manufacturing (growth) is required. The western region has done well but this is the time rest of the geographies need to leap frog and record GDP of at least 12-13 per cent,” said Mathur.According to him, the SEZ Act was conceived in 2005 with an idea to create islands that would focus on exports but manufacturing could not develop due to lack of conducive atmosphere. “While IT and ITES zones have done reasonably well, manufacturing required more infusion in link infrastructure. In manufacturing, physical goods have to be taken brought in and taken out but that could not happen. There was no ecosystem for people to come and work,” said Mathur.

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