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Regular-article-logo Tuesday, 05 March 2024

Odisha to set up bulk drug park

Initiative -- to be funded by both the Centre and the state -- is likely to generate employment opportunities for around 5,000 people

Subhashish Mohanty Bhubaneswar Published 06.09.20, 01:21 AM
Odisha CM Naveen Patnaik

Odisha CM Naveen Patnaik File picture

The Odisha government plans to set up a bulk drug park in the shape of a special purpose vehicle (SPV) with an investment of Rs 1,500 crore.

The park is likely to generate employment opportunities for around 5,000 people.

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“The details of the park will be finalised within a fortnight. It will come up in Tata SEZ (Special Economic Zone) at Gopalpur. It received the government’s approval in principle,” a press release issued by the government said.

According to the decision, a SPV will be formed involving IDCO (Odisha Industrial Infrastructure Development Corporation) as lead promoter and TSSZEL (Tata Steel Special Economic Zone limited) co-promoter to carry forward the project proposal.

Principal secretary, Iindustries, Hemant Sharma said, “The park would have all the advanced infrastructure facilities including central effluent treatment plant (ETP), solid waste management, warehousing, dedicated power distribution system, steam generation and distribution system, common cooling system, advanced testing laboratories, center of excellence, technology business incubator, intellectual property right services and the like. The land parcel of around 1000 acer required for the park is available in this SEZ. The land is well connected with NH-16 which is considered as the spine for proposed Odisha Economic Corridor.”

The project would be implemented through financial support both from the centre and state government.

The spot is well connected with port and railway. It is less than two hours from Biju Pattnaik International Airport, Bhubaneswar. “There is also an air strip at Gopalpur which can be utilized for required communication,” said the press release.

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