98% of chromite, 55% of bauxite and 33% of iron ore deposits of India are in Odisha. To leverage on this advantage and encourage investments in the manufacturing sector, the State has envisaged this “National Investment and Manufacturing Zone” at Kalinganagar and is determined to create state-of-the-art infrastructure and enabling industrial –urbanism, catering to metal and manufacturing industry.
The project is spread over an area of 40,339 acres which already boasts of large integrated steel plants with support infrastructure. An estimated investment of over $15.21 billion is expected to be made in this Zone. Availability of diverse and large mineral reserves of aluminium, chrome and other feedstock will enable the potential investors for setting up of their industries with focus on Auto ancillaries, component manufacturing, Equipment/process manufacturing, heavy fabrication, downstream steel industries etc.
The Zone shall also have exclusive areas earmarked to be developed as downstream/ancillary industrial parks, which will thrive on the available feedstock. The development of these parks and the supporting physical and social infrastructure shall be carried out on PPP basis providing significant opportunities for the developers.
India is the fourth largest consumer of crude oil and petroleum products in the world. India is also the third largest producer of chemicals in Asia. The sector has been growing significantly over the past few years. This can be substantiated by the 400% increase in the value of chemical exports from Odisha over the last 2 years (2013-14 and 2012-13.
PCPIR region at Paradip is being developed as world class infrastructure to provide a conducive business environment and promote and attract exclusive investments in the Petroleum, Chemicals, Petrochemicals and allied sector. It is one of the four proposed PCPIRs in India and is also located near one of the largest freight ports in India, which provides a gate way to all the markets in Indo-China and Eastern Asia.
Spread across an area of nearly 68,000 acres and with envisaged investment of USD 42.20 billion, the PCPIR at Paradip is one of the largest integrated investment regions in India. Indian Oil Corporation Limited (IOCL), India’s biggest state-owned oil gas corporation is the anchor tenant in the project and has committed petrochemical feedstock facilities such as Polypropylene, Mono Ethylene Glycol, Paraxylene-Purified Terephthalic Acid (PTA) Complex and Petcoke Gasification from its refinery.