Tata Steel is in discussion with foreign companies for investments up to Rs 20,000 crore in heavy industries over the next five years at its Special Economic Zone (SEZ) project at Gopalpur in Odisha, Tata Steel SEZ Managing Director Arun Misra told PTI in Singapore on Friday.
“We are currently in discussions with 13 to 14 different investors. Talks are at various levels,” he said at the Emerging India Forum 2016 in Singapore. The investment will be in defence, metal downstream and electronics as well as chemicals and pharmaceuticals among others, Misra, who is marketing the Gopalpur SEZ as a gateway to the South East Asian markets, said. Tata Steel is the anchor tenant for the multi-product 2,970-acre SEZ at Gopalpur in Odisha.