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AHMEDABAD: ArcelorMittal Nippon Metal India (AM/NS India) on Thursday signed an MoU with the state’s industries division, proposing funding of Rs 1.7 lakh crore in six initiatives in Gujarat. This consists of Rs 40,000 crore in renewable power, Rs 30,000 crore for growth of a ‘metal metropolis’, and an industrial cluster in Surat.
The settlement, a part of Vibrant Gujarat Summit 2022, was signed within the presence of CM Bhupendra Patel between AM/NS India CEO Dilip Oommen and extra chief secretary to the division of industries Rajiv Gupta. AM/NS India’s six proposed funding initiatives embrace Rs 4,200 crore for growth and modernisation of the present captive jetty at Hazira and Rs 45,000 crore to extend the capability of the 8.6 MMTPA metal plant to 18 MMTPA, in line with a press release from the state authorities. “Rs 30,000 crore has been proposed for growth with the captive port capability to a Inexperienced Metal Plant at Suvali in Surat, as properly Rs 30,000 crore for ‘Metal Metropolis and Industrial Cluster’ at Kidiabet, Surat,” it acknowledged.
A complete of 10GW of renewable energy technology crops at numerous places within the state might be arrange by ArcelorMittal Nippon Metal with funding of roughly Rs 40,000 crore, in line with the discharge.
The settlement, a part of Vibrant Gujarat Summit 2022, was signed within the presence of CM Bhupendra Patel between AM/NS India CEO Dilip Oommen and extra chief secretary to the division of industries Rajiv Gupta. AM/NS India’s six proposed funding initiatives embrace Rs 4,200 crore for growth and modernisation of the present captive jetty at Hazira and Rs 45,000 crore to extend the capability of the 8.6 MMTPA metal plant to 18 MMTPA, in line with a press release from the state authorities. “Rs 30,000 crore has been proposed for growth with the captive port capability to a Inexperienced Metal Plant at Suvali in Surat, as properly Rs 30,000 crore for ‘Metal Metropolis and Industrial Cluster’ at Kidiabet, Surat,” it acknowledged.
A complete of 10GW of renewable energy technology crops at numerous places within the state might be arrange by ArcelorMittal Nippon Metal with funding of roughly Rs 40,000 crore, in line with the discharge.
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