Odisha govt expects ₹10,000 crore investment in Jindal Industrial Park.

Odisha government expects ₹10,000 crore investment over 5-10 years in the stainless park being developed by Jindal Stainless on 300 acres for the downstream industry.

Jindal Stainless Ltd. (JSL) is developing the industrial park as a natural extension of JSL’s Jajpur manufacturing facility and it will be strategically connected with prominent highways and Paradip port for timely supply of raw materials and dispatch of finished goods.

Hemant Sharma, Principal Secretary, Government of Odisha said the project, which is almost ready for marketing, should generate employment for at least 10,000 people with 75-80 MSMEs setting up their factory.

In the next 2-3 years, downstream industry in tubes, pipes and structural manufacturers will set up their units followed by other industries, he added.

“We are expecting 2-5 lakh tonnes of 20 lakh tonnes of stainless steel manufactured to be converted into value added products within the State,” he said.

HBL