Home ECONOMY Odisha to create 2 lakh-acre strong land bank for industry

Odisha to create 2 lakh-acre strong land bank for industry

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Odisha Sun Times Bureau
Bhubaneswar, Jul 24″

State-owned Industrial Infrastructure Development Corporation of Odisha (IDCO) has identified nearly two lakh acres of land spread over 10 districts for creation of a land bank for industrial development.

land acquisitionThis was revealed at a high level meeting presided over by chief minister Naveen Patnaik at the State Secretariat here today.

The 10 sites where land has been identified for the purpose are Kalinga Nagar in Jajpur, Paradip in Jagatsinghpur district, Dhamra in Bhadrak, Rourkela in Sundargarh district, besides various places in the districts of Cuttack, Khordha, Dhenkanal, Angul,  Jharsuguda and Baleswar, official sources said.

“IDCO had identified about four lakh acres of land for the land bank. After ORSAC studied these lands, it was found that there are about two lakh acres of contiguous land spread over 22 districts. In the first phase, IDCO would acquire about 70, 000 acres. The idea is to make land available for industry without hassles,” Industries minister Debiprasad Mishra told reporters after the meeting.

The chief minister directed IDCO authorities to split target dates for completion of sector-specific industrial parks into monitorable milestones.

He asked the chief secretary to review the progress of the work every month and report to him. He also asked IDCO to take CSR activities more seriously and expedite projects like crafts museum, Mission Shakti building and Krishi Bhawan.

It was revealed in the meeting that IDCO has created special purpose vehicles (SPVs) for various industrial parks such as downstream steel units at Kalinga Nagar, aluminium park at Angul, plastic park and PCPIR at Paradip, electronics park and SEZ park in Bhubaneswar.

Besides, it has developed SPVs for a railway corridor and Sports development. It has set deadlines for completion of several projects like Angul Aluminium Park by December 2016, Paradip Plastic Park by July 2016, Bhubaneswar Seafood Park by December 2016 and Electronics Park by 2017.

Apart from this, IDCO has taken up two SEZs projects— Infocity and Infovalley in Bhubaneswar and four PPP projects—Bhubaneswar Biotech Park, Baleswar Plastic Cluster, Rayagada Food Park and Bhubaneswar IT parks.

The three investment regions being developed by IDCO are Paradip PCPIR, Kalinga Nagar National Investment Manufacturing Zone and Dhamara Special Investment Region, the meeting revealed.