Tata Steel has set up a new company to spearhead its investment in a proposed SEZ at Gopalpur in Odisha, seeking to attract global electronics and electrical com-¡ponent makers from China and South-East Asia and defence sector manufacturers.
The new company, Tata Steel SEZ, will invest close to Rs 2,500 crore in developing infrastructure at the 2,970-acre Special Economic Zone.
¨We are in advanced talks to bring in electronics companies and defence production units. We hope to make the SEZ a world-class venture,¨ said Arun Misra, VP & MD of Tata Steel SEZ.
The SEZ project was cleared by the Board of Approvals and is awaiting licence renewal. Land registration is underway, after which the company will apply for notification.
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