GANDHINAGAR: Chairman of Arcelor Mittal Lakshmi Mittal and CEO Dilip Oommen paid a visit to Gujarat chief minister Vijay Rupani in Gandhinagar on Friday, and committed further investment of around Rs 1 lakh crore in Gujarat. Mittal, who has bought a steel plant and other assets in Gujarat, now plans to invest Rs.50,000 crore in their Hazira plant expansion and Rs.50,000 crore in the hydrogen gas and renewable energy space.
According to a statement from the Gujarat chief minister’s office, Mittal is keen to invest a total of Rs 1 lakh crore in Gujarat in the coming days.
The chief minister assured him the necessary help from the state government and welcomed this investment.
Additional chief secretary to the chief minister M K Das was present during the visit. He had first met Mittal as the Gujarat government representative a few years ago and convinced him to invest in Gujarat.
Mittal reportedly requested the CM to expedite land allocation to the company.
The company, in it’s formal proposal to the state government, said, “The company aims to increase its existing steel production capacity from 8.6MMTPA to 18 MMTPA .It also said it will also reduce carbon emissions using new technology.
According to available details, the company has demand a gauchar (pastoral land) parcel in Hazira and 2,000 acres nearby for their expansion and solar power generation.
The company has demanded 2,000 acres for solar power generation and other purposes.
The company requested government support for getting adjoining land from shrimp farmers, private farmers and a parcel owned by Reliance group. The government asked the company to directly negotiate with Reliance and the other private parties.
The company also reportedly requested the state government for financial and other incentives under the policy of 2016 instead of the industrial policy of 2020.
