Odisha, the mineral wealthy jap State has focused to greater than triple steel production capability to 130 MT from present 41 MT by all the businesses working within the State by 2030.
The State is planning to public sale 22 mines to entice recent funding, mentioned Mohan Charan Majhi, Chief Minister of Odisha throughout this go to to Mumbai.
The State additionally intends to be among the many high 5 industrial states by attracting funding in downstream steel processing industries, he added.
“Odisha will lead the country in the steel sector. We are becoming an economic power among the five states which are leading the country (in terms of economic development)“ Mr Majhi told reporters on the sidelines of Steel India 2025 event, jointly hosted by the Ministry of Steel and FICCI.
“We are currently producing more than 41 million tonnes of steel. Our target is to take steel production to 130 million tonnes by 2030”. At that point, he mentioned, Odisha would account for some 50 per cent of the nation’s complete steel output, he added
He mentioned the state, obtained funding proposals value Rs 17-lakh crore on the two-day enterprise conclave, “Utkasrh Odisha” held in January with a big portion of this funding meant for the steel sector.
“We have also rolled out a new industrial policy, offering financial incentives to the industry, which is far more simple and clear than such policies of other states,” he added.
Published – April 26, 2025 10:29 am IST
