The Union Government has accorded approval for development of the Odisha Economic Corridor (OEC). The OEC will come up in two nodes Paradip-Kendrapada-Dhamra-Subarnarekha and Gopalpur-Bhubaneswar-Kalinganagar, Minister of State for Commerce and Industries Som Prakash informed the Lok Sabha in this regard on Thursday.
The Union Government has accorded approval for development of 11 Corridors (32 projects) in four phases as part of the National Master Plan for providing multimodal connectivity to economic zones. The OEC is one of the 11 corridors and these projects are under different stages of conceptualization/ development/implementation.
The corridor has a potential to generate over Rs 4 lakh crore of manufacturing output, Rs 81,000 crore of investment and an additional 8 lakh direct jobs by 2025, officials said.
Two nodes have been prioritised in the influence region of the transport network (NH-16) through an assessment of factors including land availability, highways, large cities, existing industrial infrastructure and port. 100 km on each side of NH-16 has been taken as the Corridor Influence Area, pointed out an official.