The Kalyani Steels signed an MoU with the Odisha government on Friday in the presence of chief minister Naveen Patnaik for the establishment of a Titanium Metal and Aerospace Components Manufacturing, and Integrated Advanced Specialty Steel and Automotive Components Manufacturing Complex in Odisha.
Through this MoU Odisha, known for producing steel and aluminium, has made a foray into the field of defence equipment production.
The project, at an investment of Rs 11,750 crore, will generate over 10,000 jobs. This strategic partnership aims to set up a comprehensive manufacturing complex at Gajamara in Dhenkanal district.
Patnaik said: “By welcoming Kalyani Steels's 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. With an investment of Rs 11,751 crore, this venture is set to revolutionise our industrial landscape, providing over 10,000 job opportunities in highly skill-oriented trades. This project is a perfect match for our aspirations for creating an ecosystem conducive to new-age industries.”
The chief minister said: “This project will also catalyse the growth of MSMEs, spurring the development of a vibrant ecosystem of ancillary industries and OEM suppliers, providing many more employment opportunities.”
Highlighting on skill development, Patnaik said: “Kalyani Steel's commitment to skill development will definitely ensure broad-based benefits, elevating local workforce capabilities in advanced manufacturing sectors like metal downstream, automotive, and defence manufacturing.”
Director, Kalyani Steels Limited, Amit Kalyani said: “By starting our operations in Odisha's dynamic environment, we strive to establish a mutually beneficial connection, promoting development and innovation, while creating a wealth of opportunities for high-skill employment.”
Industries minister Pratap Keshari Dev, chairman 5T (Transformational Initiative) and Nabin Odisha V.K. Pandian and other senior officers attended the programme.
