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regular-article-logo Wednesday, 06 November 2024

Odisha government makes foray into aero, defence sectors in MoU with Kalyani Steels

The project, at an investment of Rs 11,750 crore, will generate over 10,000 jobs. This strategic partnership aims to set up a comprehensive manufacturing complex at Gajamara in Dhenkanal district

Subhashish Mohanty Bhubaneswar Published 24.02.24, 08:54 AM
Naveen Patnaik.

Naveen Patnaik. File picture

The Kalyani Steels signed an MoU with the Odisha government on Friday in the presence of chief minister Naveen Patnaik for the establishment of a Titanium Metal and Aerospace Components Manufacturing, and Integrated Advanced Specialty Steel and Automotive Components Manufacturing Complex in Odisha.

Through this MoU Odisha, known for producing steel and aluminium, has made a foray into the field of defence equipment production.

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The project, at an investment of Rs 11,750 crore, will generate over 10,000 jobs. This strategic partnership aims to set up a comprehensive manufacturing complex at Gajamara in Dhenkanal district.

Patnaik said: “By welcoming Kalyani Steels's project, including a Titanium Metal and Alloy Mill, an Aerospace Components Facility, and an Integrated Automotive Component Unit, Odisha marks its grand entry into a highly advanced and precision manufacturing sector. With an investment of Rs 11,751 crore, this venture is set to revolutionise our industrial landscape, providing over 10,000 job opportunities in highly skill-oriented trades. This project is a perfect match for our aspirations for creating an ecosystem conducive to new-age industries.”

The chief minister said: “This project will also catalyse the growth of MSMEs, spurring the development of a vibrant ecosystem of ancillary industries and OEM suppliers, providing many more employment opportunities.”

Highlighting on skill development, Patnaik said: “Kalyani Steel's commitment to skill development will definitely ensure broad-based benefits, elevating local workforce capabilities in advanced manufacturing sectors like metal downstream, automotive, and defence manufacturing.”

Director, Kalyani Steels Limited, Amit Kalyani said: “By starting our operations in Odisha's dynamic environment, we strive to establish a mutually beneficial connection, promoting development and innovation, while creating a wealth of opportunities for high-skill employment.”

Industries minister Pratap Keshari Dev, chairman 5T (Transformational Initiative) and Nabin Odisha V.K. Pandian and other senior officers attended the programme.

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