,A Foundation stone has been laid for the construction of the first-ever stainless steel industrial park in Odisha, India. The groundbreaking ceremony was held virtually by the Managing Director of Jindal Stainless, Abhyuay Jindal, and the CM of Odisha, Naveen Patnaik.
The facility will come up on a 271- acre site located in the east region of the Southern Asia country. The project will be carried out in two phases within a span of 72 months. For the timely supply of raw materials, the park will be in close proximity to prominent highways.
Expectations for the first-ever stainless steel industrial park in Odisha
The project will immensely contribute to socio-economic development as well as infrastructure modernization and employment generation. It will generate employment opportunities for approximately 19,000 people.
However, the projects main aims is to empower indigenous manufacturing especially metal production. As a result, the stainless steel industrial park in Odisha will help meet the demand for metal in East India. Its convenient and accessible location will enable the park to dispatch finished goods with the least amount of unnecessary delays.
While commenting on the project, the Managing Director of Jindal Stainless noted that the park, on one hand, will allow for the seamless flow from raw material to the finished goods stage. On the other hand, Abhyuay Jindal continued, the project will empower all stakeholders through assured procurement and sales.
Overall, Abhyuay Jindal, remarked, the project intends to make Odisha a name to reckon within, more especially within the global stainless steel industry.