Bhubaneswar: The State Government on Wednesday accorded ‘go ahead’ to the private industrial estate of Jindal Stainless Ltd (JSL) near Kalinganagar.
A high-level meeting chaired by Chief Secretary Aditya Prasad Padhi approved a proposal to this effect.
The industrial estate would be promoted by Jindal Stainless Ltd as a downstream cluster for manufacturing and supply of stainless steel products including construction materials, architectural designs, pipes, industrial goods, life style consumables and kitchen wares.
While Special Purpose Vehicle has already been formed, around 300 acre of land has been identified for the purpose.
Industrial Infrastructure Development Corporation (IDCO) would allot land for the estate while water requirement of 2.54 MLD would be sourced from intake well of JSL in Bramhani River. The power requirement is around 40.58 MW which would be met both from the CPP of JSL and NESCO grid.
The industrial estate envisages an investment of around Rs 1532 crore with an employment potential of around 19,000 persons. As per preliminary estimates, around Rs 168 crore would be invested for infrastructural development and creation of common facility centers.
JSL would be the anchor investor. The estate would be developed in two phases.
The Chief Secretary directed the concerned authorities to complete the first phase work within three years from the land allotment date.
MSME Additional Chief Secretary Laxmi Narayan Gupta, Industries Secretary Sanjeeb Chopra, Skill Development and Technical Education Secretary and IDCO CMD Sanjay Singh, Housing and Urban Development Secretary G Mathivathanan, Revenue and Disaster Management Additional Secretary Avaya Nayak among others participated in the discussions.