Kalyani Steel signs MoU with Odisha Government for multi-billion-dollar manufacturing complex

Feb24,2024



Bhubaneswar: In a bid to advance the industrial landscape of Odisha, Calisteel has signed a historic MoU.Memorandum of understanding) with the Government of Odisha, underlined their joint commitment to establish a state-of-the-art titanium metal and aerospace components manufacturing, and integrated advanced specialty steel and automotive components Manufacturing Complex In area.
The MoU signing ceremony, chaired by Chief Minister Naveen Patnaik, is a milestone in Odisha's journey towards becoming a hub of state-of-the-art manufacturing and high-tech industries.
strategic cooperation between Kalyani Steel And this Odisha Government This involves development of a comprehensive manufacturing complex located at Gajmara, Dhenkanal.
According to a release from the Odisha Chief Minister's Office, with a staggering investment of Rs 11,750 crore, the project is set to drive economic growth and create over 10,000 employment opportunities, leading to socio-economic development in the state. .
“By welcoming Kalyani Steel's project including a titanium metal and alloy mill, an aerospace component facility and an integrated automotive component unit, Odisha marks its grand entry into the highly advanced and precision manufacturing sector,” CM Patnaik said.
He said, “With an investment of Rs 11,751 crore, this venture is set to revolutionize our industrial landscape, providing over 10,000 employment opportunities in highly skill-oriented trades. This project is part of our efforts to create a conducive ecosystem.” Perfect for the aspirations.” New age industries.”
Chief Minister Naveen Patnaik expressed happiness at the signing of this transformational partnership, emphasizing its strategic alignment with Odisha's vision of promoting innovation-led growth and creating high-skilled employment opportunities.
He lauded the project as a historic initiative that marks the beginning of Odisha's entry into advanced and precision manufacturing, making the state a leader in India's industrial landscape.
Further, the Chief Minister underlined the potential of the project to foster a strong ecosystem of supporting industries and original equipment manufacturer (OEM) suppliers, boosting the growth of micro, small and medium enterprises (MSMEs).
CM Patnaik further said, “By starting our operations in the dynamic environment of Odisha, we strive to establish a mutually beneficial relationship, fostering both growth and innovation, while creating a wealth of opportunities for high skill employment. This reflects our strong confidence in the potential.” Our commitment to positively impact Odisha and its economic structure.”
He reiterated Odisha's unwavering commitment to skill development, highlighting the role of Kalyani Steel in enhancing the capabilities of the local workforce in advanced manufacturing sectors such as metal downstream, automotive and defense manufacturing.
Amit Kalyani, Director, Kalyani Steels Limited reiterated the sentiments of mutual growth and prosperity, emphasizing the company's enduring partnership with Odisha and its dedication towards promoting innovation and growth in the region.
Kalyani said, “By starting our operations in the dynamic environment of Odisha, we strive to establish a mutually beneficial relationship, fostering both growth and innovation, while creating a wealth of high-skilled employment opportunities. “Reflects our strong confidence in the potential and our commitment to positively impact its economic structure.”
The MoU signing ceremony was attended by Industries Minister, Pratap Keshari Dev, 5T and Chairman of AONO, Karthik Pandian, along with other senior officials from Government and Industry towards realizing the potential of Odisha as a preferred destination for transformational Reflects the collective commitment of stakeholders. Industrial Projects.



Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *