Overview
Odisha is uniquely positioned to attract Ancillary and Downstream to Metal investments. The state has enjoyed 2 decades of stable and transparent governance which has enabled a higher the national average GSDP growth. Odisha is the only resource-rich coastal state in India with the largest mineral production in India along with the largest deposits of Iron Ore, Bauxite, Chromite and Nickel. The state is also home to the Paradeep port, the largest port in Eastern India, which provides a gateway to the ASEAN region.
Over the past few years, Odisha has also emerged as the skill capital of India with presence of globally recognised institutes of Higher Learning & Research including Institute of Minerals & Materials Technology, Biju Patnaik National Steel Institute, IIT, IIM, IIIT, NIT, AIIMS, KIIT, XIMB. The state is one of the first to have a dedicated Skill Development Authority, which develops customised training programs for workers based on Industry's requirement. Finally, the State provides one of the most competitive cost of doing business with amongst the lowest land and utility charges in the country backed by an enabling doing business framework.
The State has identified downward & ancillary industries in metal sector as a focus sector. The State is the largest producer of steel, stainless steel and aluminium in the country. The Government is developing various investment regions and Industrial Parks such as the Kalinganagar National Investment and Manufacturing Zone, Stainless Steel Industrial Park at Kalinganagar and downstream Aluminum Park at Angul. Unit setting up in these parks would have committed feedstock from the mother plants in the vicinity and world class infrastructure with enabling ecosystem. The State has also developed a roadmap to add value to at least 50% on the metal produced within the State by the year 2030.
