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The Odisha government has expressed interest in setting up a dedicated machine tool park in the Jajpur district of the State. The park is expected to come up at the Kalinga Nagar Industrial Complex covering at least 100 acres.
A detailed proposal in this regard was submitted to the Union Heavy Industries and Public Enterprises Ministry late last month.
If this materialises, it will be the second such machine tool park after Tumkur in Karnataka.
The move comes after the Union Minister (for Heavy Industries and Public Enterprises), Anant Geete, during the “Capital Goods in Steel Sector: Manufacture in India” conclave, assured support to the State government for such a proposal.
With 38-odd MoUs signed during the capital goods manufacturing conclave, around ₹39,400 crore worth of investments are expected in the sector.
Downstream industries
According to Sanjeev Chopra, Principal Secretary, Industries Department, Government of Odisha, the (tool park) proposal is also in line with the State’s vision of promoting downstream industries in the metal sector.
Chopra added that the process of developing dedicated parks like the National Investment and Manufacturing Zone (a steel cluster) in Kalinganar and an aluminium park at Angul have already been initiated.
“The Odisha Industrial Infrastructure Development Corporation has recently submitted the proposal seeking its approval. This will enhance competitiveness of the Indian capital goods sector and promote downstream industries,” he told BusinessLine .
Project details
According to the detailed project report, the machine tools park is expected to have 58-odd units and will require an investment of ₹280 crore (approximately) towards infrastructure. Around 80 per cent of this cost will come in as grant from the Centre. The remaining 20 per cent and land needs will be fulfilled by the Odisha government.
Another ₹500 crore of investment is expected to be made by the units that will set up shop there. The project will provide employment for 1,500 people.
Focus will be on machine tools, tooling, dies and moulds; the heavy electrical equipment sector; the mining and construction equipment segment; the process plant equipment sector; and metallurgical machinery, including steel plant equipment. Other focus sectors would be plastics processing machinery and textile & jute machinery.
“Land for the project has been identified and work is expected to start once clearances from the Ministry come through,” Chopra said.
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