Odisha govt urges Tata Group to set up defence mfg cluster

Image
Press Trust of India Bhubaneswar
Last Updated : Jul 17 2018 | 10:10 PM IST

The Odisha government today made a proposal to the Tata Group to set up a defence manufacturing cluster in the state.

Chief Minister Naveen Patnaik met a delegation of the company, including Tata Sons Chairman Natarajan Chandrasekharan here at the state secretariat, and asked Tata Advanced Systems to consider developing the cluster on 871 hectare of land at Naraj in possession of Tata Power.

"The state is also coming up with a dedicated policy to facilitate investment in the sector (defence manufacturing)," Patnaik said.

After the meeting with the CM, Chandrasekharan said, "The company has announced an investment of Rs 25,000 crore for expansion of its steel mill at Kalinga Nagar and Rs 35,000 crore in Bhusan Steel, Angul. And, there are other things we are looking at. So it is a significant presence for us."
He said the capacity of Kalinga Nagar plant would be 8 mtpa after expansion, and integration with Bhushan Steel was going on well. "Therefore, overall investment has significant increased in the state."

Disclaimer: No Business Standard Journalist was involved in creation of this content

*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: Jul 17 2018 | 10:10 PM IST

Next Story