Daijiworld Media Network – Bellary (SP)
Bellary, Jan 22: ArcelorMittal, the global giant in steel manufacture, has chosen Kudithini village in the district to set up its multi-crore steel plant.
The company officials, who met the officials of the state government on Thursday January 21, said that they have selected this site on the basis of its nearness to the ore mines of Bellary and also the Tungabhadra reservoir.
The 4,000 acres of land the company needs at the village, is located in the agricultural lands, where only a single crop is raised every year. The state government is planning to acquire the land by offering highest possible price, sources in the government disclosed.
It may be recalled that Lakshmi N Mittal, who owns the company, had told the state Chief Minister, B S Yeddyurappa, that the company will invest a sum of Rs 30,000 crore in Karnataka.