Samaja reports on a technical competence workshop being organized in Orissa for the first time where graduates of various technical schools at all levels (engineering, diplomas, ITIs etc.) will interact with the various industrial units coming up in Orissa.
Dharitri has a nice overview (page1, page2, page3) of the status of the various ports that Orissa plans to have. Following are some highlights from that report.
The article says that the Balasore district ports face problems from the Dept. of Defense because of the missile testing range nearby. The article does not mention the following plan:
Zee news reports that Arcelor-Mittal’s project in Orissa on schedule. Following is an excerpt from that report.
Announcing that the company has already acquired space at the fortune tower for opening its Orissa office, the CEO said that the Dasturco would prepare reports for its steel mill, rehabilitation colony and an environment management plan (EMP).
“Since the Orissa government has been pressing for an EMP, we have also asked the Dasturco to look into this aspect”, Mishra said, adding that the company would proceed further after getting the reports.
Sources said the company expected the DPR from Dasturco within the next 12-18 months. Mittal Steel had signed an MoU with the Orissa government in December 2006.
The world’s number one steel company plans to set up its 12-mtpa steel unit in two phases. It has sought 8,000 acre of land in Keonjhar district to house its steel plant, a 7,500 mw captive power plant and a township.
IBM does a lot of business with SMBs (small and medium businesses) in India. Thus it plans to expand its operation across India. Various news reports mention that it has plans to expand to 14 tier two cities. It has already started at Coimbatore and Goa, will start with Lucknow, and then follow it up with Bhopal, Nashik, Nagpur, Surat, Bhubaneswar, Jamshedpur, Jaipur, Ludhiana, Dehradun, Vizag and Madurai.
Business standard reports that the Orissa government is after Accenture and other big IT consulting companies. There is nothing concerete here except that its a policy decisions to go after these biggies with an attractive package. Following are excerpts from that report.
The Orissa government is rolling out the red carpet to get the management consulting, technology services and outsourcing firm Accenture to set up facilities in the state. …
Orissa IT minister Surya Narayan Patro said, “We have initiated discussions with Accenture.”
A top official of the Orissa IT department said, “The government would leave no stone unturned in bringing in big companies like IBM, Cognizant and Accenture to the state. Discussion were on and the government would contact Accenture.”
The Orissa government was working out a package offering excellent infrastructure to companies keen to invest in the state.
Accenture currently had 1.5 lakh employees in 49 countries with global revenues of around $18 billion, and was one of the largest computer services and software companies.
India was an integral part of Accenture’s global delivery centre (GDC) and its second largest country of operation, with branches at Bangalore, Chennai, Hyderabad, Mumbai and New Delhi employing 15,000 professionals in India.
The Orissa government recently allotted 1074 acres of prime land for three IT zones labelled Infocity 1 to 3. While Infocity-1 was functional, Infocity-2 and Infocity-3 were
under planning and development. TCS, Infosys and Satyam had units here while Wipro, MindTree and Hexaware were expected to decide on facilities in Bhubaneswar soon and Genpact had committed to invest at Infocity-1.Orissa expected software exports to cross Rs 1000 crore from the 2006-07 export figure of Rs 734 crore.
IT small and medium enterprises (ITSMEs) in Orissa were working on a plan to take up software exports. Currently there were about 135 IT firms registered with the Software Technology Park of India (STPI) in Orissa.
Times of India reports that Arcelor-Mittal has hired M. N. Dastur to prepare the detailed project report of its proposed plant in Patna area of the Keonjhar district. Following are some excerpts of that article.
The world’s largest steelmaker Arcelor-Mittal has roped in M N Dastur and Company (P) Ltd (Dasturco) to prepare the detailed project report (DPR) for its proposed Rs 40,000 crore steel facility in Orissa’s Keonjhar district. …
The Arcelor-Mittal group, which signed an MoU with the state government for a greenfield steel plant in December, 2006, plans to have its DPR in place within the next 12 to 18 months, sources said.
Dasturco, a five-decade old leading engineering consultancy and design company, has well-known expertise in project planning and appraisal, economic evaluation, design and detailed engineering, project management, supervision of construction and erection and et al and this helped the company bag the deal, sources added.
Pioneer reports the inauguration of Goudia Setu in Brahmagir in remote part of Puri district. Following is a quote from that report.
Brahmagiri Congress MLA Laletendu Bidyadhar Mahapatra on Wednesday inaugurated the Goudia Setu under Rahadmalla panchayat. Built at a cost of about Rs 3 crore with NABARD assistance, the bridge is expected to improve the communication network in this remote part of Puri district.
Following is a roundup on HRD related postings at orissawatch.org.
There have been several news items regarding the beauty of handicrafts made up of dried grass which becomes yellow and golden in color. Following are some excerpts on this from a report in New Kerala.
Dried grass, which becomes yellow and golden in colour, has been innovatively used by a group of Oriya women to craft attractive items of daily use.
The grass is made of Khus Khus stem. It is sturdy and can be bent to any shape to be turned into items of household use. It can also be crafted into decorative items. This has been the occupation of a group of Orissa’s Jajanga Village of Kendrapara District for the last ten years.
Nearly 80 per cent of the women in Jajanga village create various decorative items like flowers, baskets, wall-hangings, mats and pen-stands. All that each of them earn is about Rs.500 to 1,500 per month. …
The Golden grass items were introduced to Jajanga by Mahila Samiti committee headed by Swarna Prabha Swain. Today, it exists as a cottage industry here. …
At times they take five days to make an item. They take pride in their produce, and hope that the day is not far when their handicrafts are sold all over the country, or at least in all part of Orissa.
Perhaps the Orissa government can push this village to become an arts-n-crafts village like Raghurajpur and include it in a tourist circuit. In general, Orissa government should identify a few more craftsman villages where 80% of the houses are involved in some handicraft or some art-n-craft and develop amenities there and include them in tourist circuits. Besides the above mentioned village other candidates could be a village or villages in Baragarh district that weave Sambalpuri sarees and villages near Pipli. My knowledge of such villages is rudimentary, but we will keep our eyes open and report about them here.
Pragativadi reports that the Khadi and Village Industries Commission (KVIC) has taken two Orissa villages under the cluster village program. These villages are Jayapur in Koraput district and Erkana in Khorda district. Following is an excerpt from that report.
... under the programme, the Commission would encourage leather and industry in Jayapur while it would boost bamboo craft in Erkana village. Stating that the Commission is providing all support to the artisans of these two villages to enable them to further sharpen their skills in their profession, she said that efforts are being taken to provide high-end technical support to these artisans. She also said that the Commission has selected 534 rural entrepreneurs to set up small scale industries. Joshi also said that KVIC has already set up 4853 small scale units in Orissa under the National Rural Employment Generation Programme while it has insured 1220 rural entrepreneurs under Janashree Bima yojana in the state.
Bhubaneswar, May 30, 2007
For the convenience of travelling public and keeping in view the demands of passengers, East Coast Railway has decided to run two pairs of Passenger Train between Cuttack & Paradeep from 1st June’07 replacing Rail Bus service except Sundays.
5 CP Cuttack-Paradeep Fast Passenger will leave Cuttack at 07.45a.m, Kandarpur at 08.03a.m, Raghunathpur at 08.22a.m, Gorakhnath at 08.44a.m, Rahama at 09.03a.m, Badabandha at 09.15a.m and will arrive Paradeep at 09.45a.m.
In the return direction, 6 CP Paradeep-Cuttack Fast Passenger will leave Paradeep at 10.15a.m, Badabandha at 10.31a.m, Rahama at 10.44a.m, Gorakhnath at 11.03a.m, Raghunathpur at 11.23a.m, Kandarpur at 11.43a.m and will arrive Cuttack at 12.15p.m.
Similarly, 7 CP Cuttack-Paradeep Fast Passenger will leave Cuttack at 03.00p.m, Kandarpur at 03.18p.m, Raghunathpur at 03.37p.m, Gorakhnath at 03.59p.m, Rahama at 04.19p.m, Badabandha at 04.30p.m and will arrive Paradeep at 05.00p.m.
In the return direction, 8 CP Paradeep-Cuttack Fast Passenger will leave Paradeep at 06.00p.m, Badabandha at 06.16p.m, Rahama at 06.29p.m, Gorakhnath at 06.49.m, Raghunathpur at 07.09p.m, Kandarpur at 07.29p.m and will arrive Cuttack at 08.00p.m.
Statesman has a report on Paradip port aiming to be the number two port in the country. Following are some excerpts from that report.
Armed with a Paradip business and strategy plan for the next 20 years and an action plan for the next seven years, Paradip Port has set on sail to become the No-2 port of the country. The charted course envisages investments to the tune of over Rs 3,500 crore and it aims at handling capacity of 106 million tones in five years. … The growth recorded was a phenomenal 15 per cent and the revenue surplus was around Rs 198 crore last year. All new berths being planned will be on PPA mode and the capacity which is 51 mt will be increased to 106 mt by 2011-12, said the chairman. He pointed out that by November this year, the single point mooring will be commissioned adding 15 mt handling capacity. This is a IOC project with a berth floating 20 km offshore and pipelines which are already in place. … Maritime trade is on the upswing and each port has set high targets but the uniqueness of Paradip is that it has handled 38.4 mt with only bulk cargo. Despite limitations of being a bulk port with 14 berths and a limitation of 12.6 metre in terms of depth of the channel, the port has handled such huge quantities. … There are plans and projects to deepen the channel upto 16 meters to accommodate 125,000 tonners. Presently, it can accommodate 75,000 tonners. The project entails investment of Rs 253 crore and is scheduled to be completed by August 2008. Simultaneously, enhancement of draught at the existing dock system from 12.5 to 14 metres has also been planned for completion by March 2008. … The port plans creation of southern dock system with an investment of Rs 530 crore and four berths. This is targeted for commercial operation by March 2012. The approaches and connectivity have also been planned in a futuristic manner with enhancement of rail connectivity Haridaspur-Paradip line slated to be over by March 2009, four-laning of Chandikhole to Paradip road by March 2008. Even relocation of the existing township has been proposed keeping in view the raid development of the port activities.
Statesman reports on several strategies that were discussed on agriculture and horticulture. Following are some excerpts of that report.
The government has decided to encourage contract farming in cotton and has fixed a target of covering 60,000 hectors under such contract farming during 2007-08. To ensure renumerative price for cotton growers, two additional mandis will be set up in Ganjam and Gajapati districts.
With floriculture having tremendous potential in the state, the government has planned a mandi in Bhubaneswar. Among other proposals discussed today were the steps to encourage organic farming in Phulbani district and aromatic rice in Koraput district. Women Self Help Groups will be encouraged to undertake fishery activities.
Simultaneously, measures to train farmers will be stepped up. Last year, over 23,000 farmers were trained and over the next four years, another 3.32 lakh farmers will be trained, said official sources.Cashew, mango and banana will be promoted and targets for such plantations were fixed for 2007-08. Primary seed replacement, seed production and other measures in this regard were also discussed.
New Indian Express reports on some of these plans. Following are some excerpts from that report.
The State Government has decided to prepare a five year plan to expand the activities of the Watershed Mission to benefit six lakh landless families.
Official sources said that the activities of the Mission would be intensified in areas inhabited by tribals of the Juang community to create employment opportunities.
Mission activities include digging of ponds to meet the water requirement in the villages and promotion of dairy and horticulture. …
Other projects undertaken under the Mission include the Integrated Watershed Development Project (IWDP), a centrally sponsored programme implemented in 23 districts. The outlay of the project has been fixed at Rs 148.07 crore for 2.78 lakh hectare.
The Drought Prone Area Programme (DPAP), another centrally sponsored scheme is being implemented in eight districts covering 47 identified drought prone blocks.
Sources said that 800 micro watershed projects have already been executed while another 600 are being implemented. The total expenditure has been pegged at Rs 227.4 crore .
Besides, 314 micro watershed projects have been taken up by the Mission in the KBK districts for treatment of 1.67 hectare with an expenditure of Rs 100.57 crore.
Coffee Development Programme (CDP) for small growers has also been taken up under the Mission in Koraput and Rayagada districts.
The programme aims at providing sustainable livelihood to tribal farmers. In the first phase, coffee cultivation was taken up in 2,000 hectares, 1,000 hectares each in the two districts. In the second phase, the programme would be implemented in more than 8,000 hectares with Rs 67.21 crore.
The River Valley Project (RVP) is being implemented in the catchment of inter-state projects, Hirakud, Machhkund- Sileru, Rengali-Mandira and Upper Kolab dam projects to prevent land degradation and prevent silt inflow. The expenditure has been pegged at Rs 4.97 crore.
Economic Times reports that central government is mulling to share with states the export duty that it levies on export of iron ores. If this happens this will add to the revenue of mineral rich states like Orissa. Following are some excerpts of the above mentioned report.
The Centre may consider sharing a portion of the recently imposed export duty on iron ore with states. The move is aimed at providing additional revenues to mineral-rich states, where royalty rates have remained abysmally low. Resentment expressed by several states over the Centre’s decision to pocket the entire levy on the mineral may also have swayed the Union government.
This year’s Budget has imposed an export duty of Rs 50 per tonne on iron ore fines with less than 62% iron content and Rs 300 for the remaining ore. The Centre expects to collect over Rs 2,000 crore from this duty. Even if half of it is shared, mineral-rich states — including Jharkhand, Chhattisgarh, Orissa and Karnataka — could get over Rs 1,000 crore. This would be four times the Rs 250 crore that states receive annually as royalty on iron ore.
“Minerals belong to the states and there is no reason why the Centre should levy a duty and pocket all its benefits. The idea behind the duty was to create a deterrence for exports. The Centre should either pass on the entire collection from this duty to states or share a substantial portion with them,” a Planning Commission official said.
At earlier meetings on the subject of iron ore exports, a few states raised the issue of sharing the export duty and changing royalty rates on minerals from the present specific duty to ad valorem duty. In fact, the Hoda committee, which framed the new mineral policy, has also recommended that royalty should shift to ad valorem rates benchmarked against Western Austrian levies, which works out to about 7.5% of the per-tonne price of minerals.
The planned Bhubaneswar-Cuttack-Choudwar metroplex will have a ring road with NH-5 consisting one part of it with the other part to be constructed. The other part will start from south of Khurda and go through Haladia, Athagarh and Nergundi (a bit south of Tangi). A detailed map of this new road is here. Inside this proposed metroplex will be the Chadaka-Dampara sanctuary. Below I give maps of Bhubaneswar area and Mumbai area to show the relative size of the Chandaka-Dampara sanctuary and the Sanjay Gandhi National Park that is part of the Mumbai metroplex. Both maps have the same resolution. Recently, there is plan to popularize the Chandaka-Dampara sanctuary among the local people. Following is an excerpt from a report in the New Indian Express.
According to divisional forest officer (DFO) and wildlife warden Akshaya Kumar Pattnaik, there are plans to popularise the various spots of the sanctuary among the nature lovers as many in the Twin City are still not aware.
The nice bamboo hut and watch tower near Deras Dam with one and two suites available respectively overlook the channels and drainage system of the water source which provides lifeline to the Mendhasal agriculture farm.
The Kumar Khunti and Ambilo watch towers also have got accommodation facility.
“Plans are on to have small wooden restsheds to accommodate the nature lovers who will come on bicycle rides and can stay overnight as practised in in the West and some well managed reserves in several parts of the country,” Pattnaik reveals.
A visitor can also have the panoramic view of Mahanadi from Mantu Hill Top and enjoy the small fall near Godabhanga Tangara in the rainy season. The caves below the fall are home to hyaenas, he adds.
Apart from wildlife, the ancient forts at Bualigarh and Chudanga can be explored which have great archaeological value, the DFO says adding an interpretation centre is on cards with a fodder demonstration centre, small herbal garden, souvenir stall and snacks parlour at Godibari entrance of the sanctuary.
Though more than 10,000 visitors visit in a year, the DFO feels the number should go up considering the charm of the jungles, especially when one can enjoy the coastal sal range from Kochila Berena watch tower.
Mumbai
Several news reports mention that the Ministry of Tourism of India has been very impressed by the evolution of Raghurajpur village of Puri district as an arts village. There every house has become an art gallery. So impressed the ministry of tourism is with the village, it plans to replicate it in five other locations of the country. Following is an excerpt from Chennaionline.
What started as promotion of ‘pattachitra’ (painting on palm leaf) in Raghurajpur village in Puri district as part of rural tourism project five years ago culminated into transformation of the village into a vibrant centre of folk art.
In 2002, only about 6,000 tourists visited the place. In 2005, the tourist arrival figure went up to 34,000. The sale from the art and craft work went up from Rs 15 lakh to Rs 52 lakh during the same period.
Stone craft, pattachitra, palm leaf inscription, papier mache, sodhai work, mural painting, golden grass coir, screwpine leaf and wood work, filigree, applique, terra cotta and bell metal work greet visitors whose number is increasing every year.
“Every house in this village is an art gallery,” said a senior ministry official.
“The village has served us not just as a role model for generating employment through rural tourism but also as an inspiration for how to preserve folk art,” the official said.
Besides Raghurajpur, the other villages identified for setting up gurukul tradition of teaching art are Pochampalli in Nalgonda district in Andhra Pradesh, Hodka in Kachch district in Gujarat, Pranpur in Ashok Nagar district in Madhya Pradesh and Aranmula in Pathanamthitta district in Kerala.
I came across several leaflets and brochures in POSCO-INDIA’s Press room pages. Following is the brochure that highlights the NCAER study that I mentioned earlier.
Times of India reports that the newly floated MDLR airlines which just launched its Kolkata operations plans to fly Kolkata – Bhubaneswar in couple of months.
Business standard reports that POSCO is considering offering shares as part of its R & R. Following are some excerpts from that report.
Meanwhile, Posco is considering share allotment to landholders as an option for its Rs 52,000 crore project in Orissa. The company, which requires nearly 4,000 acres of land for a 12-million-tonne plant, says it will take a call on the issue by the end of this month.
“No doubt this is an option but we will decide after we know what people want,” a Posco spokesperson said. To understand land-holders’ demands, the company has asked Xavier Institute of Management, Bhubaneshwar, to carry out a socio-economic survey.
Of the 4,004 acres of land Posco requires, 3,566 acres is government land and 438 acres under private ownership.
The private land covers three gram panchayats of Gada Kujanga, Muagaon and Dhinkia. Dhinkia’s is the largest tract covering 200 acres. The area has a significant peasant population with communist affiliation.
The spokesperson added that any share issue would have to be over and above the compensation. “Otherwise, people will not like it,” he said.
Both Posco and Videocon will also offer one job per displaced family.
The Orissa rehabilitation and resettlement (R&R) policy has a provision for convertible preference shares to be issued to displaced people. The value of the shares could be up to 50 per cent of the one-time cash assistance.
Last week transportation of coal from Mahanadi Coalfields Limited came to a grinding halt and NALCO and NTPC Talcher that depend on that coal got into a critical situation. Following are excerpts from a Newkerala news report that mentions why MCL got into that situation.
Sources said the land losers of Zillinda, Kandhal and Solod affected by Ananta and Bhubaneswari mines stopped Ananata, Jagananath and Bhubaneswari open cast mines and close down the concerned project officers’ offices since yesterday demanding the promised job to the oustees by Mahanadi Coalfield Limited (MCL).
The villagers alleged that MCL authorities did not meet their commitments to provide 80 jobs to them till date forcing them to go for strike.
Similarly the land oustees of Kandhal marched to Lingaraj mine linked to NTPC-kaniha yesterday and stopped the output protesting the non-availability of employment to them as promised by Lingaraj authorities.
Coal transportation from Hngula and Balaram mines had been hit for the last four days due to the road blockade by Soloda villagers demanding jobs.
Angul Collector Girish S N said the authorities were monitoring the situation and senior officials dealing with land acquisition and rehabilitation had been rushed to troubled areas to negotiate with the agitating villagers.
Kalinga Times reported on a letter that CM Naveen Patnaik wrote to the PM on this issue. Following are some excerpts:
In a letter to Singh on Monday, the Chief Minister said that MCL should continue supplying coal to National Aluminium Company (NALCO) and National Thermal Power Corporation (NTPC) to help these industries continue uninterrupted power generation.
Blaming the MCL authorities for not extending the rehabilitation and resettlement benefits to the people affected by coal mining, Patnaik said the public sector undertaking should go as per the State’s R&R policy as the Centre was yet to adopt a new policy in this regard.
Extending R&R benefits to the families affected by the operations of MCL will go a long way in improving law and order situation in the region, Patnaik said.
In recent months there have been reports regarding how some R & R issues with respect to Hirakud dam oustees and SAIL Rourkela still remains unresolved after several decades. It seems that many public sector companies with their central government connections are arrogant and have not done R & R properly. As a result people do not trust R & R promises made by anyone (private or public companies) and as a result various projects that could help Orissa get out of the bottom, are getting inordinately delayed.
I came across a 1-page note someone from POSCO-India gave me when I was visiting Bhubaneswar in December 2006-Jan 2007. The 1-page note summarizes a study done by NCAER. The study has also been reported in News media such as Hindu Businessline. (POSCO-India in its web page has additional links.) We will give some excerpts from the Hindu Businessline report.
The 1-page note: POSCO-India’s rs 52,810 Cr investment by 2016 will stimulate Orissa Economy.
We now give some excerpts from the Hindu Business line article of January 2007 which partly explains how some of the above numbers were calculated. That article was written by R. Venkatesan who works for NCAER, but the article was his personal view.
The NCAER study broadly used the ADB/World Bank methodology on the social cost-benefit with minor adjustments for the local parameters. Econometric models were used to project border prices for the useful life of the project. The project’s impact from the State economy perspective — in terms of the impact on the State GDP (output multiplier effects) and employment opportunities created within the State (employment multiplier effects) was also assessed.
The output multiplier for iron ore was found to be 1.4 compared to 2.36 for steel. In other words, every Rs 1 lakh worth of output in the iron ore sector would result in Rs 1.4 lakh of output (including the Rs 1 lakh output of iron ore) compared to Rs 2.36 lakh for every Rs 1 lakh output of steel. The employment multipliers for iron ore and steel work out to 0.35 and 0.69 man-years respectively. Therefore, in terms of both output and employment, steel has a larger impact.
These multipliers imply that the Posco project would create an additional employment of 50,000 person years annually for the next 30 years vis-à-vis 870,000 person years in the steel project alternative. In terms of value addition, the iron ore and steel project alternatives would contribute 1.3 per cent and 11.5 per cent to Orissa’s State Gross Domestic Product (or SGDP) by 2016-17 respectively.
An important part of the study was the Least Cost Analysis of technology options in the steel-making, the Finex process that Posco purports to bring and the traditional blast-furnace technology. The Average Incremental Economic Cost was used as the yardstick; this was followed by computing the economic IRR (internal rate of return)
to examine whether the project was economically worthwhile from the national economy point of view.The EIRR for the Orissa project works out to 16.6 per cent for base case and even in the worst case scenario, the EIRR at 13.9 per cent would remain above the hurdle rate of 12 per cent. The economic impact of the project was estimated at $2.5 billion at the test discount rate of 12 per cent.
The significant feature of the study was the estimation of depletion premium or the opportunity cost for depleteable and non-renewable resource iron ore for reasons cited below:
India’s high-grade ore (+ 65 per cent Fe content — Haematite) reserves, proven and probable, amount to only 0.58 billion tonnes. And even if we were to factor in indicative and inferred reserves (probable/feasible), the total reserves (proven and possibly future potential) would be only 0.92 billion tonnes.
India’s medium-grade ore (+62 per cent Fe to 65 per cent Fe — Haematite) reserves, proven and probable, is only 1.3 billion tonnes. Here too, if we factor in indicative and inferred (probable/feasible and pre-feasibility estimated) reserves, the total reserves (proven and possibly future potential) will be only 2.8 billion tonnes.
Policy Implications
Orissa stands to gain significantly if instead of exporting iron ore it processes it to steel within the State, in terms of both employment generation (17 times), and GDP impact (9 times).
India’s high and medium grade iron ore reserves may not last more than 19 years even if exports of these grades are frozen at the current level or if the targets set out in the draft steel policy are to be met. The economic analysis considered the depletion premium for high and medium grade iron ore. This is the opportunity cost to the national economy of using the depletable resource, which is the average incremental cost of depletion premiums computed year-wise.
Any exporter of iron ore of medium and high grades from the State needs to pay a depletion premium of $27 per tonne. Even this would be a sub-optimal policy from the State’s viewpoint if it can process the medium and high grade ore to steel. No such depletion premium has been applied for coking coal as its price did not exhibit any
trend before the recent steep price hike.For the eastern States seeking to raise the mineral sector’s share in their GDP, it may be a good idea to set up processing facilities. It would not be advisable to allocate iron ore mines through open bids or accept increased royalty payments, even accounting for the depletion premium, compared to the option of processing iron ore to steel. Future cost-competitiveness and logistical advantage imply that iron ore-rich States can compete with existing over-capacities in the US, Europe and Japan even after factoring in the capital charges for new investments.
Export of iron ore needs to be restricted to grades other than medium and high-grade ore categories; for instance, export of beneficiated ore from Goa using inland waterways logistics advantages could be encouraged. Allowing exports of high grade ore would facilitate export of steel from existing over-capacities in the US, Europe and Japan to East Asia at the expense of future steel exports from new Indian steel capacities which are likely to enjoy cost-competitiveness over existing over-capacities elsewhere.
I am not qualified to judge the above analysis. I would appreciate any comments, analysis, criticisms etc. on the above.
Pioneer reports that the Orissa government has decided to build a 4 lane road from Jajpur Road to Duburi in the Kalinganagar area. Following are excerpts from the Pioneer report.
The Government will construct a four-lane road connecting Chorada Square of Jajpur Road with Dubri in Kalinga Nagar as an alternative to National Highway-200, following the increase in vehicular traffic and resulting congestion on the NH-200 connecting Duburi and Chandikhole in Jajpur district. …
A sum of Rs 43 crore has been provisioned by the Government in the Budget, while the remaining amount of Rs 47 crore of the total of Rs 90 crore required for the project will be sourced from the owners of mines and industries.
Giving the details, the Finance Minister said the 15-km-long road would connect NH-200 with NH-215 and Rs 13 crore would be spent for acquiring the land required. The work on the project would commence soon, with the target of completion of land acquisition being set for September 15, he added. …
According to the plan, half of the road, i.e. 7.5 km, would be completed in the first phase and the Public Works Department (PWD) has been asked to call for tenders.
The tender notice will be published within a fortnight. The entire project will be completed by 2008.
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