The State Government’s proposal for inclusion of the Odisha Economic Corridor (OEC) under the National Industrial Corridor Development programme has been approved by the National Industrial Corridor Development and Implementation Trust (NICDIT).
The Board of Trustees has agreed for initiation of the project development activities for the priority clusters identified for implementation under Phase-1 in two nodes based on focussed sectors identified by the State Government.
The OEC would be part of the northernmost stretch of the East Coast Economic Corridor (ECEC), the first coastal economic corridor planned in the country.
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.
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.