Ultra Mega Steel Plants not feasible: Minister

Our Bureau Updated - November 22, 2012 at 06:15 PM.

The setting up of Ultra Mega Steel Plants is not feasible as States have not supported the proposal, Steel Minister Beni Prasad Verma said on Thursday. 

The States such as Gujarat, Goa, Uttar Pradesh, Punjab, Kerala and West Bengal have not supported the concept, Verma informed Rajya Sabha. 

The Minister said that the main facilities required for setting up of steel plants are land, iron ore linkage, coking coal, power and water, among others. These are either under the purview of other Ministries or concerned States. “However, the responses from State on the concept of Ultra Mega Steel Plants have not been encouraging.” 

Steel Ministry does not have any regulatory or statutory power in this regard, according to Verma. The Ministry acts as a facilitator or co-ordinator, in view of the responses of the States, the implementation of Ultra Mega Steel Plants has not been found feasible. 

siddhartha.s@thehindu.co.in

Published on November 22, 2012 12:45