September 12, 2017

Meeting with downstream companies at Tata Steel Kalinganagar to promote downstream and ancillary in steel sector

Kalinganagar: Odisha has identified downstream and ancillary in the steel sector as a focus sector for growth and there is a strong emphasis of the Odisha Government in supporting growth of the sector.

Round table meet of downstream and ancillary in the steel sector at Tata Steel Kalinganagar

To showcase the business ecosystem, available incentives and infrastructure facilities to the steel downstream and ancillary players for manufacturing in Odisha, the Industries department of Odisha Government held a meeting with over 40 downstream companies at Tata Steel Kalinganagar on September 12, 2017. Several ancillary firms from Odisha and other states, such as Jharkhand, West Bengal and Maharashtra, among others, attended the meeting.

Odisha has undertaken several initiatives over the past year for ease of business, thereby creating an enabling policy framework and development of state-of-the art industrial infrastructure facilities to make it easy for companies to set up and conduct business in the State.

Addressing the downstream and ancillary firms, Sanjeev Chopra, principal secretary, Industries Department, Government of Odisha, stated that Odisha has put in place a comprehensive strategy to accelerate the growth of the downstream sector with committed feedstock and common facilities.

Speaking on the industrial ecosystem created for downstream industries in Odisha, Sanjay Singh, chairman and MD, IDCO, said, “Ancillary and downstream industry in the metal sector is a priority sector for Odisha. In order to leverage this industry, the Government of Odisha has developed investment regions and industrial parks, including Kalinganagar National Investment and Manufacturing Zone, Downstream Aluminium Park at Angul, Downstream Steel Park at Angul and Stainless Steel Industrial Park at Kalinganagar.”

Sunil Bhaskaran, vice president, corporate services, Tata Steel, in his introductory remarks, said, “The presence of downstream and ancillary industries is essential to creating a favourable ecosystem for smooth functioning of any large-scale steel plant.  Kalinganagar, strategically located and well-connected, with well-developed socio-economic and skilling resources, is poised to become the most prominent steel manufacturing hub in the country. Odisha has progressive policies besides sector-specific ones. With these industry-friendly policies, the ease of doing business in the state is high and commendable.”

Odisha is the largest stainless steel-producing state in the country and has 20 percent of the country’s crude steel making capacity. With the country’s economy expected to grow rapidly in the near future, the requirement for value-added products will multiply, thus offering a good potential for downstream development in the steel sector. Niranjan Sahu, director of industries, Government of Odisha, PK Sarangi, director, technical, MECON, also spoke on the occasion.