Bhubaneswar: On Day two of ‘Make in Odisha Conclave 2022’, one of the largest investment summits in India, Business Leadership Talk was held on “Mineral Abundance: Opportunities for Industry and State” in the presence of Prafulla Kumar Mallik, Minister, Steel & Mines and Works, Government of Odisha and industry leaders from mining and metals sector.
Speaking on the occasion, Prafulla Kumar Mallik, Minister, Steel & Mines and Works, said that Odisha has an abundance of minerals and has great opportunities for investors.
He added that under the 5T intervention of the Government of Odisha, utmost transparency has been ensured through i3MS module. He also emphasized on adoption of technology to reduce adverse impacts on the environment and advised that the industry must focus on eco-friendly mining.
Deoranjan Kumar Singh, Principal Secretary, Department of Steel & Mines, spoke about the mineral auction, exploration, revamped LTL Policy, and raw material evacuation plans of the Government of Odisha to further attract investors in the sector.
He highlighted that Government has plans to put in the best resources of Iron, Bauxite, and Manganese blocks in the next phase of the auction and said that exploration is one of the prime focus now with the Odisha Mining Exploration Corporation (OMECL) going for a complete resource mapping.
He further said that the long-term linkage policy of Odisha Mining Corporation (OMC) has been revamped and rewritten as per which 80% of the minerals produced by OMC shall be given to long-term linkage players to ensure that the small and medium industry players are also benefited from this.
He informed that the State Government is formulating a very robust mechanism for raw material evacuation plan which will substantially reduce road transportation by prioritizing slurry pipelines and rail network.
In the closing remarks, Balwant Singh, Managing Director, OMC and OMECL reiterated that with the adoption of technologies, advanced logistics, and progressive policies, I am sure we will attract interest from many investors at this flagship platform”.
The industry leaders also shared their views including T V Narendran, CEO & Managing Director, Tata Steel Limited; Subhrakant Panda, President, FICCI and Managing Director, IMFA; Dilip Oommen, Executive Vice President, AM/NS and CEO, Arcelor Mittal; Bimlendra Jha, Managing Director, Jindal Steel & Power Limited; Tuhin Mukherjee, Advisor, Essel Mining & Industries Limited; Jayant Acharya, Deputy Managing Director, JSW Steel Limited.
The five-day event will conclude on Sunday, December 4 with a mega cultural event and the Conclave being open to the public.