Why in news?
Details of Eastern region steel development
- A world-class Eastern region steel hub would be created that will contribute to the socio-economic development of the Eastern region of the country.
- The steel hub once completed will create employment opportunities in the region.
- This accompanied by the development of manufacturing industries such as logistics hubs, transport facilities, utility industries, etc., around the region is estimated to create more than 25 lakh jobs once completed.
- Eastern India states are extremely rich in resources as they collectively hold approx. 80 percent of the Iron ore reverses of the country and also has a presence of major ports such as Paradip, Kolkata, etc.