Odisha : Kalyani Steel Ltd has planned to invest Rs 26,000 crore to set up a Titanium metal and aerospace components manufacturing and integrated advanced speciality steel and automotive components manufacturing complex at Gajamara in Odisha’s Dhenkanal district, said an official on Tuesday.
The state cabinet had on Monday evening approved a special incentive for the unit as it is going to be the first aerospace and defense manufacturing complex in Odisha, Chief Secretary P K Jena, said while briefing newspersons here.
Jena said that the state government was inclined to create a conducive environment for growth and innovation, mainly in high potential sectors of aerospace, defence and automotive manufacturing.
The projects, with a combined investment of over Rs 26,000 crore and employment potential of over 12,000 are set to usher in a new era of industrial growth and job creation in the state, Jena disclosed.
