Odisha Government has recently stated that the state has approved a special incentive for its maiden aerospace and defence manufacturing complex in Odisha.
During a press meet, Chief Secretary P K Jena noted that Kalyani Steel Limited has proposed to invest Rs 26,000 crore to set up a titanium metal and aerospace components manufacturing and integrated advanced specialty steel and automotive components manufacturing complex at Gajamara in Odisha’s Dhenkanal district.
The state cabinet has approved a special incentive for the unit to spur the growth of indigenous aerospace and defence manufacturing in Odisha.
He said the state government is committed to foster a conducive environment for growth and innovation, particularly in the high-potential sectors of aerospace, defence and automotive manufacturing.
The projects of aerospace and defence manufacturing, with a combined investment of over Rs 26,000 crore and employment potential of over 12,000, are set to usher in a new era of industrial growth and job creation in the state, Jena said.
Further vendor development will lead to significant employment opportunities in the subsequent years. The jobs will primarily be in the high-end high-skill sector and will open up new avenues for the youth of Odisha, he added.
The chief secretary said the requirement of high end-high-skill jobs will be achieved in collaboration with local ITIs and polytechnics, adding, that these tie-ups for up-skilling in the auto-components, speciality steel and alloys manufacturing sector will boost Odisha’s skilling landscape and has the potential to make Odisha the skill capital of India for new-age tech and aerospace and defence manufacturing.
Alongside aerospace and defence manufacturing, concurrent project will bring in vendors in the areas of manufacturing and service sectors that will provide a boost to the local MSMEs and start-ups, which will further create additional employment and entrepreneurship in the region, he asserted.
The state government is enthusiastic about this collaboration with the Kalyani Group and will provide 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 manufacturing excellence”, he stated.
Who is Kalyani Strategic Systems Ltd.
Kalyani Strategic Systems Ltd. (KSSL) is a subsidiary of Bharat Forge Limited. It is developed to set up as a flagship company to drive defence business initiatives including in the business of aerospace and defence manufacturing.
KSSl’s brings along a massive experience in design, engineering, metallurgy, and manufacturing expertise spanning over five decades have played a key role in the Group emerging as one of the leading defence players in India with established capabilities of entities within its fold across key locations in India.
State-of-the-art Manufacturing of Kalyani Group
The Kalyani Group has state-of-the-art manufacturing and electronics facilities focused on developing advanced defence technology products like Artillery Systems, Protected Vehicles, Armoured Vehicles upgrades, Ammunition, Air Defence Solutions, Small Arms, Marine, and Defence Electronics. Technology and innovation are the key drivers in creating, developing, and manufacturing superior indigenous technology for the Indian defence apparatus and aerospace and defence manufacturing. The Group’s in-house technological centres namely Kalyani Centre for Technology & Innovation (KCTI) and Kalyani Centre for Manufacturing Innovation (KCMI) enable us to develop solution-oriented and differentiated technologies through research and development reinforcing us as an innovation-driven company.
Inputs have been taken from Financial Express.
