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Odisha Encourages Value Addition

Bhubaneswar: Odisha Government has decided to encourage value addition on Low Grade Iron Ore by Beneficiation and facilitating addition of Peletization Capacity in the State.

Speaking in Roundtable on Investment Opportunities in Ancillary and Downstream Industries in Metal Sector in Odisha, Principal Secretary Industries,  Mr.Sharma has said that State Government keen to attract investments from Industry to set up facilities to boost Beneficiation Industry.

In the recently held Round Table Conference, where leading Metal, Mining and Metallurgical Sector players participated in a big way, State Government responded positively on the issues raised by them.

Sanjeeb Kumar Mishra, Special Secretary Industries, Sanjay Kumar Singh, CMD IDCO, Nitin B Jawale, Managing Director IPICOL represented Odisha Government.

V R Sharma, Managing Director Jindal Steel & Power Limited, Rita Singh, CMD MESCO Steel, S B Upadhyay, Resident Director Jindal Stainless Limited, Satish Pai, Managing Director HINDALCO, Prakash Tatia, Director Welspun Specialty Solutions and several others joined the Round Table Discussions.

Secretary General Pellet Manufacturers Association of India, Anil Dhawan, Executive Director Alloy Steel Producers Association, D Chakrabarti, Director Steel Re-rolling Mills Association of India and Aloke Losalka, General Secretary Rourkela Chamber of Commerce and Industry joined in the Round Table.

Principal Secretary Industries, Mr.Sharma also agreed to set up a Campus of Biju Patnaik Steel Institute in Kalinga Nagar for Skilling and Training Requirements of the Industries.

He said that the State Government is planning to launch a Unified Portal, which would streamline all approvals and statutory applications for disbursement of incentives to downstream industries.

Principal Secretary Industries Mr.Sharma has said that ‘Go Swift 2.0’ is being finalized to reduce physical interface soon.

Sanjeeb Kumar Mishra, Special Secretary Industries said that Odisha Government is taking several steps to facilitate Investors in a big way and it is streamlining efforts in this regard.

Mr.Mishra said that while there is immense potential for value addition, Odisha Government has been at the forefront to facilitate the same.

Sanjay Kumar Singh, CMD IDCO said that a Land Bank of One Lakh Acres is currently aggregated with two Mega Investment Regions , five Sector Specific Parks and 121 Industrial Estates in different strategic locations of the State.

Nitin B Jawale, Managing Director IPICOL said that investors are requested to be in touch with IPICOL for their issues, feedback and Plans for Investments.

V R Sharma, MD JSPL said by 2030, the Steel Major has planned for 25 Million Tons of Steel Production, which is having a 6 Million Ton capacity Steel Plant in Odisha.

Rita Singh, CMD MESCO urged for training for more manpower is required in Kalinga Nagar and there is need for Ancillary Industries to upgrade Technology and Cost Reduction.

Anil Dhawan, Executive Director Alloy Steel Producers Association  of India harped on the need to bring investments from the Original Equipment Manufacturers (OEM) in the State.

Deepak Bhatnagar, Secretary General, Pellet Manufacturers Association of India urged the State Government to encourage Pelletisation as less than 60 Percent Fe Content Iron Ore is not being utilized.

Aloke Losalka, General Secretary Rourkela Chamber of Commerce & Industry said that MSME sector facing issues like non availability of suitable land, problem of higher Electricity Duty and high logistic cost as compared to neighboring States.