Bhubaneswar: The Odisha government Tuesday extended it’s commitment to the Welspun Group which is proposing to invest Rs 66,000 crore in two.textile projects at Choudwar in Cuttack and Nildungri in Sambalpur districts. The State cabinet has approved a special incentive package for the Welspun Group’s ambitious projects These projects which will have employment potential of over 20000.
Revitalizing Textile Industry and Employment in Choudwar, Cuttack
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. The diversity of roles created will span from manufacturing to management, requiring extensive skill development initiatives and contributing to robust human resource development in the area. 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.:
Enhancing Agricultural Productivity and Farmer Welfare:
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 interventionwill 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.
Fostering Industrial Growth in Nildungri, Sambalpur:
The establishment of the Plastics Product Manufacturing Unit and DI Pipe Making Unit in Nildungri, Sambalpur, with an investment of over Rs 3600 crores, is set to 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.