Odisha has told the central government it is committed to developing an industrial park in the state's Angul district in a time-bound manner.
The Aluminium Park has received in principle approval under modified industrial infrastructure up-gradation scheme of the department of industrial policy and promotion.
The government has assigned Orissa Project Development Company Pvt Ltd to prepare a master plan for the project.
"We are committed to developing external linkages such as road, water and power supply for the industrial park. IDCO is committed towards supporting development of the park in a time-bound manner," said Odisha Industrial Infrastructure Development Corporation (IDCO) CMD Vishal Dev in a letter to the commerce ministry recently.
The Centre has granted Rs.43 crore for the park which is estimated to cost Rs.125 crore.
The government has also formed a special purpose vehicle (SPV) 'Angul Aluminium Park Pvt Ltd (AAPPL)' jointly with national PSUs NALCO and IDCO.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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