Tata Steel Special Economic Zone Ltd (TSSEZ) is holding discussions with two chemicals companies and an export oriented unit to set up facilities at at the Gopalpur industrial park off the coast of south Odisha.
According to Ashish Mathur, managing director, TSSEZ Ltd, “The two chemicals industries that we are talking to are eying the DTA area. For the SEZ, we have one 100 per cent export oriented company keen to set up their facility. Investments are gaining steam at our Gopalpur industrial park and we have Rs 1800 crore of proposals. Gopalpur is slowly emerging as an industrial destination of consequence.”
TSSEZ is the developer for the park sprawling over 2900 acres. The industrial park is split into Special Economic Zone (SEZ) notified over 1235 acres and the residual stretch of land designated as the domestic tariff area (DTA).
Mathur adde Odisha has the potential to emerge as the future chemicals hub. “Traditionally, chemicals industries are concentrated in the western zone. Now, those industries are looking eastwards. Odisha has ample raw materials and intermediate products along with the logistics advantage and it can drive the next wave of manufacturing growth,” he was quoted as saying by Business Standard.
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