Odisha seeks central assistance for Concor project

The project, with financial outlay of Rs 95.40 cr, is coming up on 28.31 acres of land

Image
BS Reporter Bhubaneswar
Last Updated : Mar 02 2015 | 10:25 PM IST
The Odisha government has urged the Government of India to release Rs 57.23 crore from the central component of ASIDE (Assistance to States for Infrastructure Development of Exports) scheme for the multi-modal logistics park proposed by Container Corporation of India (Concor) at Jharsuguda.

The release of central assistance (for the Concor project) would help boost exports from the state, P S Mishra, additional secretary, MSME (micro, small & medium enterprises) department wrote to Shobhit Jain, director (states cell), Union commerce & industry ministry.

Concor had submitted a proposal to the State Level Export Promotion Committee (SLEPC) to set up a multi-modal logistics park at Jharsuguda. The project, with financial outlay of Rs 95.40 crore, is coming up on 28.31 acres of land.

The SLEPC chaired by chief secretary, Odisha, approved ASIDE assistance of Rs 57.23 crore for the project.

"As of now, the state has been receiving ASIDE assistance of Rs 15-18 crore annually from the Government of India towards state component of the scheme. The sanctioned amount cannot be released from state pool due to limited funding under ASIDE scheme to Odisha", the letter stated.

The next meeting of the empowered committee on central component of ASIDE scheme is scheduled to be held on March 9.

Concor's facility at Jharsuguda will cater to the traffic needs in export-import and domestic sector both in containerised and break bulk form. The terminal with good rail connection will provide dedicated services as per the requirement of trade and industry along with customs clearance, cargo consolidation facilities and promote export of existing industries as well as new ones expected to come up in and around Jharsuguda.

The logistic parks will include facilities like warehouses, distribution centres, storage areas, offices, truck services, parking lots, truck terminals, container rail terminal, container handling facilities, cold storages, distribution centres, air cargo points, lorries, maintenance points, service stations, hospitals and restaurants.

The project, to be developed on the public private partnership (PPP) mode, would be served by roads, railways, inland water ways and air ways.

Besides Jharsuguda, Concor has proposed to set up multi-modal logistics parks at Jajpur-Keonjhar Road, Paradeep, Muniguda and Angul.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 02 2015 | 8:19 PM IST

Next Story