Recession not to affect industrialisation in Orissa

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Bhubaneswar,Oct 20 (UNI) The current recession will have no immediate impact on the industries coming up in Orissa, Secretary for Industries Aditya Padhi said here today.

The Secretary said as many as 49 industrial houses, which had signed MoUs with the state government, had already invested 75 per cent of their total project cost in Orissa.

''After making such a huge investment, it is unlikely that they will leave now,'' he said.

Mr Padhi refused to make any prediction on big projects which had signed MoU but were yet to make any significant investment so far for some or other reasons.

The industries secretary said the Chief Minister, who chaired a review meeting today for ancillary and downstream industries, stressed the need for according top priority to promoting ancillary and downstream industries in a bid to maximise employment.

The government, he said, had projected the ancillary and downstream industries as the thrust sector in its industrial policy resolution in 2001 and 2007.

In a bid to promote the ancillary and downstream industries in the private sector, the state government had already constituted nine plant level consultative committees on the lines of the public sector enterprise.

He said the government wanted to promote ancillary and downstream industries, particularly in aluminium, steel and power sector.

The committees, in consultation with the mother industries, would decide the type of industries to come up and review their progress from time to time.

He said Angul, Kalinganagar, Paradeep, Dhamra, Kalahandi and Rayagada were identified as potential areas for development of downstream and ancillary industries in the state.

Plan is on to develop ancillary and downstream industries based on power in Angul, steel at Kalinganagar, port based industries in Paradeep and Dhamra and aluminium based industries in Kalahandi and Rayagada.

He said Jindal, POSCO and Aarti steel had made a study on the ancillary and downstream industries. Of late Jharsuguda had come up as a growth centre and as many as 40 ancillary units and downstream industries had already been established.

In Kalinganagar, as many 15 units had been set up and 90 more were on the pipeline. The government had already allotted them land and the units would come up soon.

UNI BD-DP PL SBA RK1830

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