The Hindu Business Line : RINL proposes SEZ

Rashtriya Ispat Nigam Ltd (Visakhapatnam Steel Plant) is preparing the blueprint for setting up a special economic zone on 250 acres exclusively for the user industries, Mr Y. Sivasagara Rao, the Chairman and Managing Director, has said. He was speaking at a seminar on business excellence organised by the Confederation of Indian Industry (CII) here on Saturday evening. He said there was a great scope for setting up "such a steel-specific SEZ" which would create great employment opportunities. Citing the turnaround of the Visakhapatnam Steel Plant as an example, he said, "Business excellence should not be a goal, but a standard."

He said the steel plant's capacity was being doubled from 3.2 million tonnes at a cost of Rs 8,600 crore and "ultimately the capacity would be enhanced to 16 million tonnes by 2019-20 at an additional investment of Rs 25,000 crore." Mr Anil Kumar Singhal, the District Collector, said infrastructure was being developed in Visakhapatnam keeping in view the fast pace of industrial growth.