Bhubaneswar, Dec 5 : In a major decision the Odisha cabinet on Tuesday approved a special incentive package for the Welspun Group’s ambitious projects in the state.
These projects to be set up at Choudwar in Cuttack district and Nildungr in Sambalpur district with a combined investment of over Rs 6600 crores are set to usher in a new era of industrial growth and job creation in the state.
The Integrated Textiles Manufacturing Unit in Choudwar, with an investment of Rs 3000 Crores, is going to revive the textiles manufacturing tradition at Choudwar.
This project is expected to generate over 10,000 direct jobs and an equal number of indirect jobs, significantly impacting the socio-economic fabric of the region, Chief Secretary P K Jena said.
The Group will also set up a modern multi-modal warehousing complex through their group company Welspun One on the same premises which will be utilized to provide both captive and commercial services and create further job opportunities.
A key aspect of the Choudwar project is its backward integration with the agricultural sector, particularly benefiting cotton farmers in the Kalahandi-Balangir-Koraput region.
This integration aims to improve crop yields, ensure fair pricing, and improve supply chain efficiencies, thereby improving the agricultural value chain in the state.
The initiative is expected to lead to better price realization for farmers and enhanced quality of produce, marking a significant step towards agricultural advancement and farmer welfare.
This intervention will not only augment the livelihoods of farmers but also support the state’s efforts in crop diversification, thereby enhancing the overall agricultural productivity and sustainability in Odisha.
Jena said the establishment of the Plastics Product Manufacturing Unit and DI Pipe Making Unit in Nildungri, Sambalpur, with an investment of over Rs 3600 crores will create a large number of employment opportunities in the region.
This project, being the first major initiative in the Biju Economic Corridor, is expected to further stimulate the growth of ancillary industries, creating additional job prospects for the local population.
The Chief Secretary said the Odisha government is enthusiastic about this collaboration with the Welspun Group and IS committed to providing all necessary support for the fruition of these projects.
We look forward to witnessing the manifold benefits these initiatives will bring to the people of Odisha, marking a new chapter in the state’s journey towards becoming a hub of industrial and agricultural excellence, he said.
