Amtek Metal in pact with state for Rs 15,820-crore auto park project

The Orissa government today signed a memorandum of understanding (MoU) with Amtek Metal & Mining Ltd (AMML), for setting up a mega auto park with an associated two million tonne per annum (mtpa) integrated steel plant and 500 Mw power plant at Tangi in Cuttack district.

The project envisaging an investment of Rs 15,820 crore, is expected to generate direct and indirect employment for 33,000 persons. Out of the total projected investment, Rs 2050 crore is proposed to be invested for mega auto park in phases.

While the total land requirement for the projects is estimated at 2500 acres, about 550 acres will be required for the mega auto park. The state industries secretary Saurabh Garg and N K Taori, managing director, AMML) signed the documents in the presence of the chief minister Naveen Patnaik at the state secretariat. AMML’s project consists of ferrous foundry, steel forging plants, steel fabrication plant, open die forging plant, special fastener, aluminium die casting plant, alloy steel plant and ring gear blank plant among others. It would transfer the hot metal from blast furnace to auto park for production of auto components.

Speaking on the occasion, the state chief minister Naveen Patnaik said, the state industrial policy seeks to leverage the abundant mineral and other resources of the state to promote maximum value addition within the state.

The proposed auto park is expected to generate new areas of growth in the state while providing local skilled youth an opportunity for employment.

He said, the aim of industrialization in the state is to maximize employment generation and revenue generation through development of ancillary and downstream industries. “With the signing of the MoU, we expect greater interest from the national auto industry which will help create an auto hub in the state”, Patnaik remarked. Taori said, the company would adopt ITIs and the polytechnics in the state to impart skill training to the unemployed youth in Orissa. He drew the attention of the chief minister for providing the raw material linkage for the project along with speedier statutory clearances. The chief secretary T K Mishra; Development Commissioner S P Nanda, Agriculture Production Commissioner R N Senapati and other senior officials were present on the occasion.