Odisha: Kalyani Steel Ltd’s proposed manufacturing complex, planned to come up in Odisha at the cost of Rs 26,000 crore, is expected to introduce innovation measures and provide latest technical knowhow in the field besides providing jobs to 12,000 people, Director Amit Kalyani said while signing an MOU with the state government.
The up and coming state-of-the-art project involves manufacture of Titanium metal and aerospace components and would also house an integrated advanced speciality steel and automotive components manufacturing set up at Gajamara in Odisha’s Dhenkanal district.
Kalyani, after signing the MOU with Odisha recently, harped on the sentiments of mutual growth and prosperity, emphasizing the company’s eagerly awaited partnership with the state and his company’s dedication to drive innovation and development in the region.
He 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.”
“This reflects our strong belief in the potential of Odisha and our commitment to positively influence its economic framework,” Kalyani, who is son of Baba Kalyani, owner of Bharat Forge Ltd, added.
Chief Minister Naveen Patnaik, speaking on the occasion, expressed his pleasure over signing of this transformative partnership and emphasized its strategic alignment with Odisha’s vision of fostering innovation-led growth and creating avenues for high-skill employment to the local population.
Patnaik also stressed on the project’s potential to catalyze the growth of micro, small and medium enterprises (MSMEs) fostering a robust ecosystem of ancillary industries and original equipment manufacturer (OEM) suppliers.
The state cabinet, a fortnight ago, had 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 in Odisha.
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.
