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TATA STEEL’S TITANIUM- DI-OXIDE PROJECT
Posted Date: 10 Jun 2008 Resource Type: News/Announcements Category: General
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Posted By: rama Member Level: Silver
Rating:  Points: 1
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Tata Steel had a choice amongst Tamil Nadu, Andhra Pradesh and Orrisa to set up this Titanium-di-oxide plant and the company made a conscious decision to come to Tamil Nadu to set it up just as it chose Jamshedpur over a hundred years ago or Bastar in Chattisgarh a few years ago. Jamshedpur is today a model city, and its growth is largely a result of its association with the Tatas. Tata Steel is determined to transform the backward barren districts of Tuticorin and Tirunelveli into another model city, according to Mr. B. Muthuraman, Managing Director, Tata Steel. This will be possible only if the tatanuim di-oxide project comes up in Tamil Nadu.
Tata Steel, the country's leading steel-maker, plans to start titanium dioxide plant in Tamil nadu.
The original memorandum of understanding (MoU) was signed in 2002 during the previous AIADMK government, but the project did not take off in the last five years.
After hanging fire for over five years, the Titanium dioxide project of Tata Steel in Tamil Nadu came a step closer to fruition with the signing of a MoU between the Tata group and the Government of Tamil Nadu. In the MoU, which speaks of an investment of Rs 2,500 crore by Tata Steel on the project, the Government commits to make available the 10,000-12,000 acres of land needed for the project.
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