Odisha targets to triple steel production by 2030, says CM Mohan Majhi

Odisha aims to triple steel production to 130 MT by 2030, attracting investments and becoming a top industrial state.

Odisha, the mineral rich eastern State has targeted to more than triple steel production capacity to 130 MT from current 41 MT by all the companies operating in the State by 2030. 

The State is planning to auction 22 mines to attract fresh investment, said Mohan Charan Majhi, Chief Minister of Odisha during this visit to Mumbai.

The State also intends to be among the top five industrial states by attracting investment in downstream steel processing industries, he added.

“Odisha will lead the country in the steel sector. We are becoming an economic power among the five states which are leading the country (in terms of economic development)“ Mr Majhi told reporters on the sidelines of Steel India 2025 event, jointly hosted by the Ministry of Steel and FICCI.

“We are currently producing more than 41 million tonnes of steel. Our target is to take steel production to 130 million tonnes by 2030”. At that time, he said, Odisha would account for some 50 per cent of the country’s total steel output, he added

He said the state, received investment proposals worth Rs 17-lakh crore at the two-day business conclave, “Utkasrh Odisha” held in January with a large portion of this investment intended for the steel sector.

“We have also rolled out a new industrial policy, offering financial incentives to the industry, which is far more simple and clear than such policies of other states,” he added.