Srinagar, Oct 26: In a huge industrial boost, Sajjan Jindal-led JSW Steel said it will be investing around Rs 150 crore to set up a color-coated steel facility in Kashmir. This came when Union Home Minister Amit Shah inaugurated and laid foundation stones of various development projects in Srinagar with one of them being JSW steel.

 

 

The planned downstream manufacturing facility of capacity 120,000 tonne per annum will also house special lines to produce "Steel Sandwich Panels" and "Steel Doors" for the local market here in Jammu and Kashmir. Shah also presented land allocation papers to Sajjan Jindal for the same.

 

 

The land allocated to JSW Steel is owned by the City and Industrial Development Corporation (CIDCO) and is part of an industrial park in Kashmir. JSW Steel facility, however, is the first to be housed there, according to the reports.

 

 

To be set up in Lassipora, Pulwama, will be an addition to the already existing capacity of 27 million tonne. "This facility shall provide immense benefits to local businesses and society in a meaningful way and provide employment opportunities to the local youth," Jindal said

 

 

To begin with, a team of two-three officials who are natives of Kashmir will be deployed at the facility and then gradually the team will be built. Notably, local hiring has also been already done for this plant and currently they are undergoing training at the Washim training centre. By 2025, JSW Steel aims to produce 40 million tonne of steel annually.