Synopsis: Odisha aims to become a 100 million metric tons steel-producing state by the decade's end, revealed State Chief Secretary P K Jena at the CII Mining and Construction Equipment Summit. With major players in the aluminum industry establishing units in the state, mining activities are set to rise. The state's commitment to environmentally friendly mining practices and significant mining revenue growth from ₹10,000 crore to ₹49,000 crore in the past year underscores its ambition.Article: Odisha, the eastern gem of India, is set on an ambitious journey to transform into a colossal steel-producing state, targeting a remarkable 100 million metric tons of steel production by the end of this decade. This vision was unveiled by the State Chief Secretary, P K Jena, during the National Level CII Mining and Construction Equipment Summit.The state of Odisha is witnessing an influx of major players in the aluminum industry, with several setting up their units within its borders. This industrial expansion is poised to catalyze heightened mining activities, emphasizing the critical need for all stakeholders to prioritize sustainable and environmentally friendly mining practices.Chief Secretary P K Jena highlighted the significant surge in mining revenue that Odisha has experienced over the past three years. Notably, the state's mining revenue escalated from ₹10,000 crore to a substantial ₹49,000 crore in the previous year, reflecting the remarkable growth in this sector.Anurag Jain, Union Secretary of Road Transport and Highways, called for the urgent formulation of policies that mitigate costs and advocated the establishment of Research and Development Centers within India.Hemanta Sharma, Odisha's Principal Secretary of Industry, shared that the state had secured the 2nd position in the country in attracting investments, amounting to a staggering ₹20.1 lakh crore in FY'23. Additionally, it ranked 3rd in attracting bank-assisted investment proposals during the same period. Odisha's mineral production contributes a substantial 13.8% to the total mineral production value in India, and the mining and metallurgy sector contributes more than 13% to the Gross State Domestic Product (GSDP).Sharma also outlined the state's growth aspirations, revealing that steel manufacturing capacity in Odisha will leap to 138 million metric tons by 2030 from the current capacity of 34 million metric tons. Furthermore, the aluminum production capacity is anticipated to expand to 3.84 million metric tons by 2030 from its current capacity of 2.64 million metric tons.D K Singh, Additional Chief Secretary of Steel & Mines in Odisha, urged mining stakeholders to embrace efficient infrastructure that promotes eco-friendly mining practices.The Chairman of CII Eastern Region, Shiv Siddhant Narayan Kaul, acknowledged the collaborative efforts of the Odisha government, CII, and industries in eliminating regional bottlenecks to facilitate investment. He emphasized the importance of focusing not only on "Make in India" but also on global exports, while highlighting the competitive advantage of skilled labor with low labor costs in Odisha.Vivek Bhatia, Chairman of CII MCED, shed light on the global mining and construction industry's potential, which was valued at $121 billion in 2021, with the Asia-Pacific region contributing $62 billion. He emphasized the sector's role in realizing India's vision of a 5 trillion-dollar economy and the employment opportunities it provides, with 3.5 million people currently employed in the mining sector. In the eastern part of India, seven states significantly contribute to mineral production, with Odisha leading the way at 42%, followed by Chhattisgarh and Jharkhand with 17% and 4.3%, respectively.Conclusion: Odisha's ambitious goal of becoming a 100 million metric tons steel producer by the end of this decade underscores its commitment to industrial growth and sustainability. The state's surge in mining revenue and its appeal to major players in the aluminum industry signify its potential for significant economic and industrial development. By prioritizing environmentally friendly mining practices, Odisha is poised for a transformative journey into the steel-making spotlight.
Synopsis: Odisha aims to become a 100 million metric tons steel-producing state by the decade's end, revealed State Chief Secretary P K Jena at the CII Mining and Construction Equipment Summit. With major players in the aluminum industry establishing units in the state, mining activities are set to rise. The state's commitment to environmentally friendly mining practices and significant mining revenue growth from ₹10,000 crore to ₹49,000 crore in the past year underscores its ambition.Article: Odisha, the eastern gem of India, is set on an ambitious journey to transform into a colossal steel-producing state, targeting a remarkable 100 million metric tons of steel production by the end of this decade. This vision was unveiled by the State Chief Secretary, P K Jena, during the National Level CII Mining and Construction Equipment Summit.The state of Odisha is witnessing an influx of major players in the aluminum industry, with several setting up their units within its borders. This industrial expansion is poised to catalyze heightened mining activities, emphasizing the critical need for all stakeholders to prioritize sustainable and environmentally friendly mining practices.Chief Secretary P K Jena highlighted the significant surge in mining revenue that Odisha has experienced over the past three years. Notably, the state's mining revenue escalated from ₹10,000 crore to a substantial ₹49,000 crore in the previous year, reflecting the remarkable growth in this sector.Anurag Jain, Union Secretary of Road Transport and Highways, called for the urgent formulation of policies that mitigate costs and advocated the establishment of Research and Development Centers within India.Hemanta Sharma, Odisha's Principal Secretary of Industry, shared that the state had secured the 2nd position in the country in attracting investments, amounting to a staggering ₹20.1 lakh crore in FY'23. Additionally, it ranked 3rd in attracting bank-assisted investment proposals during the same period. Odisha's mineral production contributes a substantial 13.8% to the total mineral production value in India, and the mining and metallurgy sector contributes more than 13% to the Gross State Domestic Product (GSDP).Sharma also outlined the state's growth aspirations, revealing that steel manufacturing capacity in Odisha will leap to 138 million metric tons by 2030 from the current capacity of 34 million metric tons. Furthermore, the aluminum production capacity is anticipated to expand to 3.84 million metric tons by 2030 from its current capacity of 2.64 million metric tons.D K Singh, Additional Chief Secretary of Steel & Mines in Odisha, urged mining stakeholders to embrace efficient infrastructure that promotes eco-friendly mining practices.The Chairman of CII Eastern Region, Shiv Siddhant Narayan Kaul, acknowledged the collaborative efforts of the Odisha government, CII, and industries in eliminating regional bottlenecks to facilitate investment. He emphasized the importance of focusing not only on "Make in India" but also on global exports, while highlighting the competitive advantage of skilled labor with low labor costs in Odisha.Vivek Bhatia, Chairman of CII MCED, shed light on the global mining and construction industry's potential, which was valued at $121 billion in 2021, with the Asia-Pacific region contributing $62 billion. He emphasized the sector's role in realizing India's vision of a 5 trillion-dollar economy and the employment opportunities it provides, with 3.5 million people currently employed in the mining sector. In the eastern part of India, seven states significantly contribute to mineral production, with Odisha leading the way at 42%, followed by Chhattisgarh and Jharkhand with 17% and 4.3%, respectively.Conclusion: Odisha's ambitious goal of becoming a 100 million metric tons steel producer by the end of this decade underscores its commitment to industrial growth and sustainability. The state's surge in mining revenue and its appeal to major players in the aluminum industry signify its potential for significant economic and industrial development. By prioritizing environmentally friendly mining practices, Odisha is poised for a transformative journey into the steel-making spotlight.
