Bhubaneswar, Feb 23: Odisha government on Friday signed an MoU with Kalyani Steel for establishment of a Titanium Metal & Aerospace Components Manufacturing, and Integrated Advanced Specialty Steel and Automotive Components Manufacturing Complex with an investment of Rs 11,750 crore in the State.

As per the MoU, the comprehensive manufacturing complex will come up at Gajamara, Dhenkanal. With an investment of Rs 11,750 crore, the complex will generate over 10,000 jobs, significantly bolstering employment in Odisha, the CMO said in a statement.

In the presence of CM @Naveen_Odisha, #Odisha Govt signed an MoU with Kalyani Steel for establishment of a Titanium Metal & Aerospace Components Manufacturing, and Integrated Advanced Specialty Steel and Automotive Components Manufacturing Complex in #Odisha. The comprehensive… pic.twitter.com/FHKe5uiS4A
— CMO Odisha (@CMO_Odisha) February 23, 2024

Chief Minister Naveen Patnaik said the collaboration will harness opportunities for the state to emerge as a high-skill job creator.

“By welcoming Kalyani Steels’ project, including a titanium metal and alloy mill, an aerospace components facility, and an integrated automotive component unit, Odisha marks its grand entry into a highly advanced and precision manufacturing sector,” he said.

Patnaik also said the project is a “perfect match for our aspirations for creating an ecosystem conducive to new-age industries”.

The chief minister also said the project would catalyze the growth of micro, small and medium enterprises (MSMEs), spurring the development of a vibrant ecosystem of ancillary industries and OEM (original equipment manufacturer) suppliers, providing many more employment opportunities.

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