The Jindal Steel and Power (JSPL) has signed a MoU with the Odisha government for setting up an industrial park at Parang in Angul district of the state.
The Jindal industrial park will come up at an investment of Rs 5,500 crore. It will be spread over an area of 1,400 sq. ft. area. JSPL will invest Rs 500 crore itself, while other business establishments would invest Rs 5,000 crore.
The project would provide direct and indirect employment to 32,000 people. So, it would be a great opportunity for the unemployed youth of Odisha to explore their options. The Industrial Park is expected to become operational by 2013 and 2014.
Joint Managing Director of JSPL, Anand Goel and Industry Secretary T. Ramachandru signed the MoU at a ceremony held in the Conference Hall-3 of R.D. Department, Odisha Secretariat.