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The Karnataka Government today said it will allot 1,500 acres of land to the world's largest steel maker ArcelorMittal within a month to set up a 6 million tonnes a year steel plant.
“Within one month, we will allot about 1,500 acres of land to ArcelorMittal. They will start work within two months,” the Karnataka Chief Minister, Mr B.S. Yeddyurappa, told reporters here.
When asked whether the State Government will give preferential treatment for projects to firms that participated in the global investors meet held last year, including Posco, the Chief Minister of Karnataka said, “We are considering all important players.”
In June, 2010, ArcelorMittal had inked a pact with the Karnataka Government for setting up a 6-mtpa steel-making facility, along with a 750-MW captive power plant, at an estimated investment of Rs 30,000 crore.
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