Odisha to showcase Angul’s potential in 2-day biz event

Bhubaneswar: Days after Union minister R P Singh inaugurated one of the world’s largest and most modern TMT rebar mills in Angul, the Odisha government has decided to host a two-day event — Advantage Angul — to explore investment opportunities in downstream and ancillary industries in aluminium and steel sectors in the region, a first for any district in Odisha.
The event, scheduled for Monday and Tuesday, will be held at the Angul aluminum park, which has been jointly developed by Nalco and state-owned Idco. Chief minister Naveen Patnaik is likely to attend the event virtually.
“The idea behind the event, which is a first for any district, is to attract investors in downstream and ancillary industries in metal sector at Angul aluminum park and nearby areas, which has tremendous opportunities,” state industries secretary Hemanta Sharma said.
The industries secretary said major players like Nalco, Tata Steel, JSPL and others will bring prospective investors in metal downstream sector to the event, during which the state government and district administration will showcase investment opportunities. “Growth of downstream and ancillary industries will accelerate economic growth and create adequate investment opportunities,” Sharma added.
Spread over 223 acres, the proposed aluminium park is considered a major infrastructure boost for downstream industries. “Investors will be able to directly obtain molten aluminium from Nalco’s smelter plant. It will provide state-of-the-art, plug-and-play industrial infrastructure to prospective investors,” said an official source.
Besides the aluminium park, the district also has three industrial estates in Angul, Talcher and Kangula and one MSME park at Talmulasasan, which has potential to attract investment in downstream industries in steel sector for manufacturing of products like plates and coils, bars, wire rods, angle and channels. The district has nine large industries and 2,140 MSME units.