Russian, Chinese cos keen to invest in Odisha NIMZ at Kalinganagar

An outlay of Rs 106.27 billion is pegged for developing the external and internal infrastructure for the zone

The National Investment and Manufacturing Zone (NIMZ) in Odisha proposed to developed at Kalinganagar, home to a cluster of steel industries, has attracted interest from steel investors in Russia and China.

“A Russian company evinced interest to establish a speciality steel unit within NIMZ at an investment of Rs 3.5 billion. A few downstream steel companies from China are also keen to invest. Kalinganagar, the site of our NIMZ offers good scope for steel downstream investments. We have 825 acres in the zone which can be readily offered to the industries”, said an official source.

The official refused to name