Odisha draws Rs 893 crore investments in downstream aluminium sector

Ancillary and downstream industries have identified as priority sectors in Odisha's IPR, 2015

Investments in aluminium downstream space are gaining momentum in Odisha. Over the past five years, the state, home to facilities of Vedanta, Hindalco and National Aluminium Company (Nalco), has garnered Rs 893.24 crore investments.

Ancillary and downstream industries have been identified as one of the priority sectors in Odisha’s Industrial Policy Resolution (IPR), 2015. The latest industrial policy statement offers a string of tax sops and incentives to the identified thrust sectors such as interest subsidy, stamp duty exemption, the exemption in contract demand and reimbursement of employment cost subsidy.
 

Odisha has so far received five investment proposals in aluminium