GLOBAL steel giant Arcelor- Mittal has chalked up a $ 300 million allocation to pursue the rehabilitation and resettlement (R&R) and Corporate Social Responsibility (CSR) activities for its proposed 12- million tonne plant at Keonjhar.The group presented its R&R plans and philosophies to the Keonjhar district administration earlier this week and is busy working on the Detailed Project Report (DPR) which is expected to be ready by June.
ArcelorMittal, which proposes its steel plant at an estimated investment of $ 10 billion, is aware of the challenges for industrial projects in the State and appears ready with its strategies. The plant is expected to go on stream by 2012.
‘‘We may have three and a half years from now but we believe we’ve no time. The group has to manage expectations from every stakeholder.
We want to work from day one,’’ vice-president, CSR of the group, Remi Boyer told.
Boyer, who heads Arcelor- Mittal’s CSR wing, is in India with a delegation to oversee CSR strategies for the Orissa and Jharkhand projects. As the group’s commitment towards community, he said, the world’s largest steel company is going to apply the highest standards of CSR for the Orissa p r o j e c t .
‘‘R&R policy is going to be the backbone of our CSR strategy and will be an inclusive one,’’ he said.Besides the $ 300-million allocation for R&R and CSR, the company will be spending much more after the project goes on stream, he said.
B e s i d e s R&R, Boyer said, proper information to public about the company’s plans and activities and skill development are going to be the major challenges.
He said the group had planned an ITI right at the project site and it would be operational from 2009.Chief Executive Officer of ArcelorMittal India Dr Sanak Mishra said, support from the State Government towards the project has been reassuring and ground situation is very conducive.
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