Jamshedpur, Nov. 6: Jindal Steel and Power Limited, which has proposed to set up steel and captive power units in East Singhbhum, has drawn up elaborate plans for the promotion of ancillary units with an aim to boost local entrepreneurship and add value to its own products.
Disclosing the same, vice-president (project) O.P. Jha said once the company?s project is commissioned, they will help the local entrepreneurs set up ancillary units in the vicinity of the Jindal plants.
?The ancillary units will be provided with basic infrastructure like land, power from the captive plant of Jindal, roads and other facilities. In the long run, these units will help the company by making end products from the steel produced at the Jindal unit,? Jha told The Telegraph during his recent visit to the steel city.
The company has proposed to set up a 5-million-tonne steel unit and a 1,000-MW captive power plant at Asanboni in East Singhbhum district. It has also applied to the government for around 5,500 acres of land where the company will set up its steel and power plants.
Jha said the local entrepreneurs will get the plots at nominal rates, adding that they do not have to worry about power supply as well. The senior Jindal official expected the company?s plans to materialise within a maximum of three years from the time the project is commissioned.
Besides the development of ancillary units, the company will also build an all-weather road in the area, which will connect the site with National Highway 33.
?A bridge over the Subernarekha will help solve the existing problems. The rail bridge will provide connectivity for entrepreneurs as well as buyers,? said Jha.
Senior Jindal officials expressed hope that the ancillary units will help generate employment opportunities. The company, they added, will achieve the annual production target of 5 million tonnes within five years.
The company has decided to make an investment of Rs 11,500 crore for its ambitious project. Besides, it will also invest in the mining of iron ore and coal for which it has formally approached the mines and geology department.
