Telangana clueless on Bayyaram steel plant
Telangana Industries and IT Minister KT Rama Rao on Monday expressed his dissatisfaction over the delay of Bayyaram Steel Plant in Mahabubabad district and even said he was not aware of inside view of the Centre. He is also clueless on the mega project becoming a reality.
Hyderabad: Telangana Industries and IT Minister KT Rama Rao on Monday expressed his dissatisfaction over the delay of Bayyaram Steel Plant in Mahabubabad district and even said he was not aware of inside view of the Centre. He is also clueless on the mega project becoming a reality.
“Major steel plant came up in Visakhapatnam, where iron ore is not available. But why Centre is not coming forward to set up a steel plant at iron ore-rich Bayyaram,” the Minister alleged.
Under the AP Reorganisation Act 2014, the then UPA government had promised that a steel plant would be established by SAIL (Steel Authority of India Limited) in Telangana by exploiting the iron ore mines at Bayyaram in Mahabubabad district.
The Union Ministry of Steel few months ago accorded in-principal approval for the Bayyaram steel plant in PPP mode. The approval was given based on the recommendation of SAIL. The financial performance of SAIL is posing doubts over its capacity to set up the steel plant at Bayyaram.
Public sector major SAIL, which is suffering from huge losses, is exploring various options like forging a tie-up with a private player to set up the plant, since it can fund the entire project on its own besides complaining about poor quality of iron ore available in Bayyaram.
“In case, quality is an issue, Bayyaram plant can be linked up with nearby Bailadila iron ore mine in southern Chhattisgarh. But, so far we have not heard any positive initiative from the Centre despite several requests by the Telangana government,” adds KTR.
The IT Minister admitted that the central government had put the much-awaited ITIR (Information Technology Investment Region) project on the backburner, but exuded confidence that the delay in the grounding of the mega software project would not hamper the Telangana’s progress in the software sector.