The Vedanta would set up an aluminium park in Jharsuguda district in the State.
Vedanta CEO (Aluminimum) Abhijit Pati said it would soon sign an MoU with the State Government to set up the aluminum park over 240 acres of land in Jharsuguda. It was revealed at the Odisha Investors’ Meet in Mumbai.
The proposed park has the potential to attract over Rs 1,000 crore of investment which can be operationalised within a relatively short time-frame, said Pati, adding that with this kind of infrastructure, Odisha can become the aluminium hub of the world.
He also said that the park can generate direct and indirect employment to about 17,000 people.
The park will facilitate easy transport of aluminium in liquid form, which would provide substantial cost savings for the downstream industries.
The proposed aluminium park will be adjacent to Vedanta’s 1.6-mtpa smelter along with 3,600 MW of power generation facilities.
The State Government would provide necessary infrastructure for setting up the industries with incentives as per the Industrial Policy Resolution (IPR), in the form of land, electricity and others, the cost of which will be recovered from the investors who shall establish their units.
The Solon India would also set up solar energy manufacturing unit of 400mw in the State.