Centre plans to make Odisha the epicenter of India's overall steel industry

Centre plans to make Odisha the epicenter of India’s overall steel industry

Centre plans to make Odisha the epicenter of India’s overall steel industry

  • The Union Minister of Petroleum & Natural Gas and Steel Minister Dharmendra Pradhan has informed that Odisha will become the epicenter of India’s overall steel industry, to accelerate the development of the domestic steel sector of the country.
  • Government has proposed to set up an integrated steel hub in Odisha, to make the state, the nerve Centre of Mission Purvodaya, which aims at accelerated development of eastern India through establishment of integrated steel hub.
  • It is envisioned that the Odisha steel hub will  produce 100 million tonnes of steel from out of the total 300 million tonnes national steel production target.
  • The Centre has allocated capital investment of Rs 5 lakh crore for this project.
  • The proposed steel hub,  accompanied by Make in India and Local for Vocal programmes will create more than 25 lakh jobs in the region, as well as contribute towards making of Atmanirbhar Bharat.

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