Bhubaneswar Several steel projects including the Arcellor-Mittal have already left Odisha due to several reasons including the raw material problem, putting a question mark over the investment climate in the state.
However, it has a positive side also, if the latest estimate by the government is to be believed.
Odisha does not have enough iron ore and chromite ore reserve to feed all the steel projects that have signed MoUs with the state government. If all the planned projects get materialised, the iron ore and chromite ore reserves will be depleted within 50 years as per an estimate by the state steel and mines department.
The state government has signed MoUs to set up as many as 50 steel projects, 35 power projects and 4 aluminium projects. If all these planned projects get materialised the state will consume 166.16 million tonne iron ore, 145 million tonne coal, 20.10 million tonnes of Bauxite and 1.17 million tonne Manganese every year.
On the other hand the state has 4966.96 million tonnes of iron ore reserves,119.8 million tonnes of Manganese and 162.29 million tonnes of Chromite and 71447.4 million tonnes of coal reserves.
As per the estimate, Odisha's iron ore and Chromite ore reserves will reach its bottom end within 50 years if all the projects get implemented.
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