Bhubaneswar: The government of Odisha has approved the formation of a Composite Directorate of Steel inline of the existing Directorate of Mines. The Directorate of Steel would be headed by a Director, a senior official in the rank of Additional Secretary. The new entity will focus on the development of steel sector in the state.
The decision was taken at a cabinet meeting chaired by the chief minister Naveen Patnaik today.
Previously, there was no separate body to track the investment proposals in the steel sector. The IPICOL under the department of Industry has been looking after investment promotion in all the sectors including the steel sector. But after drawing flak over non-starter of several big ticket steel projects including POSCO and Arcelor-Mittal, the state government has finally decided to set up a dedicated body for the sector.
Rationalisation of Long Term Linkage Policy of OMC
The state government has also approved a proposal to simplify the rules of the long term linkage policy of the OMC, after which OMC can make modifications in the policy from time to time as per the requirement.
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