In a major boost to Odisha’s industrialisation drive, Chief Minister Mohan Charan Majhi inaugurated and laid the foundation stone for 16 transformative industrial projects with a cumulative investment of ₹1,14,799 crore, promising to generate over 34,128 employment opportunities across the state.
The landmark event unfolded at “Kalinga Nagar Industrial Park” in the Jajpur District through multiple locational visits. The highlight of the event was the “CEO’s Roundtable” held on the sidelines of the event.
The interactive roundtable was attended by anchor investors of the Kalinga Nagar industrial ecosystem, such as T V Narendran, CEO & MD of Tata Steel, Sudhir Mehta, MD & CEO, NINL (Tata Steel Long Products Ltd), Abhyuday Jindal, MD of JSL Ltd, Subhrakant Panda, MD of IMFA and host of ancillary and downstream players like Sandhu Tubes, Jatia Steel, Almamet, Rungta Agencies, Lalchand & Sons, SKRK Enterprises, VCI Chemicals, Linde India. A Global representation was evident, with investors from Kanpur, Jamshedpur, Kolkata, Bhillai, Raipur and even Germany and Japan attending the interaction with the Chief Minister Mohan Charan Majhi.
Speaking during the session, Narendran said that with Tata Steel expanding its capacity from 3 MTPA to 8 MTPA, the various ancillaries and downstream players have huge opportunities to invest and contribute to the development of the state. He also lauded the changed approach and the increase in speed of decision-making in the new dispensation. Jindal, while complementing the Chief Minister on completing a year of the new government, said that the confidence of the investors fraternity comes from the actual ground-level changes implemented by Shri Majhi Ji. He promised enhanced investments from the Jindal Group. Panda from IMFA said that all new investments are ample proof of the new found traction from the new government, led by Shri Majhi ji. Panda said that Kalinga Nagar will become the Steel Capital of the entire world.
Speaking during the interaction, Santokh Singh, MD of Sandhu Tubes thanked the Hon’ble Chief Minister and reiterated that when the head of the state government interacts and builds the confidence of the investor fraternity, its speaks volumes about the right intentions along with right directions. He promised further expansions along with the growth of the Tata Steel.
Jatia Steel, which produces Steel TOR Bars as a conversion player of Tata Steel, also participated in the session. Speaking during the session, Punit Jatia, MD, Jatia Steelhighlighted the greater ease of doing and running business in the state in the last 1 year, which helped them to fast-track their 0.75 MTPA TMT rebar-cum-wire rod mill, which was duly inaugurated by the Chief Minister.
Almamet India a wholly owned subsidiary of Almamet Gmbh of Germany, specialises in reagents and solutions for desulphurisation of steel. Akshar Ghai, MD of Almamet Indiapromised further investments in view of the increased steel production in the state of Odisha.
Ashok Kumar Gupta, MD, Lalchand & Sons, Rohit Budhia, Director, SKRK Enterprises, Shubham Gupta, MD, VCI Chemicals exuded greater confidence in the state under the able leadership of Mohan Charan Majhi, Chief Minister of Odisha, by promising enhanced investments.
Abhijit Banerjee, MD, Linde India, highlighted the existing relationship of Linde with state of Odisha, with 5 existing oxygen plants across the state. He also announced 2 more plants for the state in the Kalinga Nagar Ecosystem.
With an interaction of such magnitude, the investors have metamorphosed into live “Brand Ambassadors” for the state, who will themselves spread the word of positivity amongst the investor fraternity.
Hon’ble Chief Minister reaffirmed the government’s commitment to ensuring speed, stability, and support for all investors, while ensuring that the benefits of industrialisation reach every corner of the state.
