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Ancillary & Downstream Industries in Metal Sector

In India, the metal industry has witnessed an exponential growth. As one of the largest growing economies, India is a major consumer of metals such as steel, stainless steel and aluminium. India is the largest consumer of sponge iron in the world, second largest consumer of stainless steel and third largest consumer of finished steel. India is also the fourth largest crude steel producer and fifth largest aluminium producer in the world.

Odisha with its bountiful natural resources has always been the favorite investment destination in the metals sector. Odisha is the largest Aluminium producing State in the country with 54% of the aluminium smelting capacity. It is also the largest Stainless steel producer of the country and has 20% of the Steelmaking capacity of India.

With all the available resources, Odisha has huge potential for ancillary and downstream industries in the metal sector. The Government has been pro-active and pushing the envelope to come up with an array of Investment regions and Industrial Parks such as the Kalinganagar National Investment and Manufacturing Zone, Downstream Aluminum Park at Angul, Downstream Steel Park at Angul, Stainless Steel Industrial Park at Kalinganagar, etc. The industrial parks would have committed feedstock from the mother plants in the vicinity and world class infrastructure with enabling ecosystem.

Odisha invites investors to explore the large opportunities in the sector and reap the benefits of the investor friendly ecosystem. Further details and information about the sector and incentives are available in the detailed profile.

 
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