The State Government recently informed the Centre that it is committed to developing an industrial park in Angul district in a time-bound manner.
The park has received in-principle approval under the modified industrial infrastructure up-gradation scheme of the Industrial Policy and Promotion department. The Odisha Project Development Company Pvt ltd has been asked to prepare a master plan for the project, according to IDCO CMD Vishal Dev.
In a letter to the Commerce Ministry, Dev stated that the Industrial Infrastructure Development Corporation (IDCO) would develop external linkages such as road, water and power supply for the park while committing to complete the park in a time-bound manner.
The Centre has granted Rs 43 crore for the park against the project cost of Rs 125 crore.
A special purpose vehicle (SPV), ‘Angul Aluminium Park Pvt ltd (AAPPl)’ has been formed jointly by the Nalco and IDCO, Dev mentioned in the letter.