A Parliamentary Standing Committee is scheduled to visit Odisha from October 6-9 to hold talks with the state chief secretary and top corporates like National Aluminium Company (Nalco), Mahanadi Coalfields Ltd (MCL), Jindal Steel & Power Ltd (JSPL) and Paradeep Port Trust (PPT).
The Parliamentary panel consists of 30 members headed by Shanta Kumar. The committee is mandated to study the relevance of ‘Industrial Policy in the Changed Global Scenario’.
On October 6, the committee will negotiate with the industries chambers in the state. The following day is slated for talks with Nalco, MCL, JSPL and PPT.
On October 8, the Parliamentary committee is scheduled to have an interface with the trade unions before winding up with talks with the chief secretary J K Mohapatra on the final day.
While Nalco, MCL and PPT have operational projects in the state, JSPL had committed to build a six million tonne per annum (mtpa) steel plant near Angul at a cost of Rs 29,288 crore. The steel maker recently commissioned its steel making shop (SMS) and expected to achieve two mtpa steel capacity by the end of November.
JSPL has already invested over Rs 18,000 crore and is awaiting action from the state government on renewal of memorandum of understanding (MoU) and grant of iron ore linkages.
JSPL had also lined up an investment of Rs 60,000 crore on a coal-to-liquid complex at Durgapur in Angul district. The project includes an 1,100 Mw captive power plant (CPP) and 50 million tonne per annum coal washery.
In addition to this, the company has also committed an investment of Rs 500 crore for a downstream industrial park at Parang in Angul district. The park is expected to attract investments of Rs 5,000 crore besides generating employment opportunities for 32,000 people, both direct and indirect. It is also set to generate tax revenue worth Rs 700 crore per annum for the state government.