Tata Steel on Friday laid the foundation stone for an industrial park to come

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up at Gopalpur in southern Orissa.

The park is expected to attract investments of around Rs 10,000 crore to Rs 15,000 crore and generate employment for 10,000 people.

Tata Steel managing director H M Nerurkar said that the company would be an anchor investor.

The company would invest Rs 1,000 crore for a 50,000- tonne per annum (tpa) ferro chrome plant and four lakh tpa rebar steel mill.

Nerurkar said that the two units would generate employment of around 1000.

The foundation stone was laid by the state Chief Minister Naveen Patnaik.

The park is expected to attract investments from sectors like metals, engineering, chemicals, gems, jewellery and marine products.

The pre-feasibility study of the park was done by Ernst&Young and Jurong Consultants of Singapore.