Home ODISHA LATEST Odisha invites investors to set up downstream industries in aluminium

Odisha invites investors to set up downstream industries in aluminium

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Bhubaneswar: Odisha, the aluminium capital of South Asia, provides tremendous opportunities to investors to set up downstream industries in aluminium, opined industry stalwarts at the International Conference on Aluminium (INCAL), jointly organised by NALCO, Aluminium Association of India and the Ministry of Mines.

Addressing the event, Industries Department Principal Secretary and IPICOL Chairman Sanjeev Chopra said, “Odisha is now among the top three investment destinations in India and the number one state when it comes to the investment implementation rate.”

“As per Vision 2025 of the State Government, six focus sectors have been identified and efforts are underway to attract 2.5 lakh crore additional investments in these sectors thereby creating employment opportunities for 3 million people,” he added.

Odisha, the mineral hub of the country, is the largest producer of aluminum contributing to 54% of the country’s total smelting capacity, he added.

On the occasion, IPICOL MD Dr Nitin Jawale showcased the aluminium downstream business ecosystem in Odisha and outlines the strategic advantages that the State offers to investors to set up downstream units in aluminium.

Jawale invited investors to explore setting up downstream units at Angul Aluminium Park spread across 223 acres.