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Mon, 10th Jul 2017 (Source:India today )
Nalco, in collaboration with Odisha Industrial Infrastructure Development Corporation, is setting up the first of its kind Aluminium Park in Angul, the state government said today.
Investment to the tune of Rs 180 crore will be made on infrastructure of the project which is expected to generate 15,000 jobs. Odisha currently contributes about 54 per cent of Indias total aluminium smelting capacity.
Jointly developed by the Odisha Industrial Infrastructure Development Corporation (IDCO) and National Aluminium Company Limited (Nalco), Angul Aluminium Park will be the first project in the subcontinent with a facility to directly obtain molten aluminium from the smelter, the statement said.
The need for the project was felt as Indias aluminium consumption is growing at a compound rate of 15 per cent (year-on-year), making it one of the largest consumption markets in the world.
"With an investment of Rs 180 crore for the infrastructure of the project, the aluminium park would reflect a complete industrial state-of-the-art entity, fully equipped with logistics infrastructure facility, an exclusive training centre, a park administration and a display and trade services facility," the statement said.
The park would also contain an Aluminium Product Evaluation Centre (APEC) furnished with a full-fledged tool room, testing, simulation and evaluation facilities, processing hall and prototype development facility to foster innovation and deliver excellence in terms of quality.
Sanjeev Chopra, Principal Secretary, Industries Department, said, "Odisha is witnessing rapid industrial transformation as per the roadmap laid out in our Vision 2025 document...We have already received many investment proposals for the Aluminium Park in Angul and we aim to create around 15,000 job opportunities through the project."
Odisha is home to leading domestic and international aluminium companies like Nalco, Hindalco and Vedanta. Coupled with committed availability of feedstock from the mother plants, the project opens up substantial opportunities for the downstream industries.
The state has already received investment proposals in downstream industries of conductors, extrusions, castings, and foils.
The statement said Angul Aluminium Park is strategically located abutting the Nalco Smelter Plant and in close proximity to all major ports and markets, the national highway and the international airport at Bhubaneswar.