The steel baron, LN Mittal of Mital Steel announced his intention to set up a 12 million tonne steel plant in two phases in Orissa and hoped to sign an agreement to this effect with the state shortly.
According to Mittal the total investment in the plant could be of the order of Rs 30,000 to Rs 40,000 crore. And he indicated that the company has dropped a proposal to set up a plant in Jharkhand of equal capacity because of the delays in Ranchi and instead concentrate on Orissa.
Mr Naveen Patnaik should now wake up and allow his state to develop. Due to his silence, many things are going away from his hand. Jharkhand is waiting for this oppurtunity, while Mital is showing intrest in Orissa.