The Odisha government has expressed interest in setting up a dedicated machine tool park in the Jajpur district of the State. The park is expected to come up at the Kalinga Nagar Industrial Complex covering at least 100 acres.
A detailed proposal in this regard was submitted to the Union Heavy Industries and Public Enterprises Ministry late last month.
If this materialises, it will be the second such machine tool park after Tumkur in Karnataka.
The move comes after the Union Minister (for Heavy Industries and Public Enterprises), Anant Geete, during the “Capital Goods in Steel Sector: Manufacture in India” conclave, assured support to the State government for such a proposal.
With 38-odd MoUs signed during the capital goods manufacturing conclave, around ₹39,400 crore worth of investments are expected in the sector.