Bhubaneswar (PTI): Despite having about 60 per cent of the country's bauxite reserve, Orissa seems to be unable to add value to the rich mineral deposits although it signed 49 MoUs for setting up steel plants with a proposed investment of Rs 3 lakh crore. "Like steel, Orissa can also emerge as the aluminium hub of the country by utilising its rich mineral deposits," State Industries Secretary Ashok Dalwai told PTI here. Sources, however, said that while the world's largest steel maker Arcelor-Mittal, POSCO and others had already been implementing their projects in the steel sector, no major investor, besides Vedanta, had come forward to set up aluminium or alumina plants in the state. What could be the reason for investors not getting attracted to set up plants in the aluminium sector? Utkal Alumina Ltd, owned by Birla group,...
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