Expansion, prospective and challenges of steel industry: a study in kalinga nagar industrial complex in odisha

Author: 
Pranaba Nanda Das and Dr.Bandana Nayak

The Indian market has a huge growth potential in terms of steel consumption since few decades. The production volume and quality has been increased drastically after the paradigm shift of modernisation and globalisation. Govt. Of India also started producing steel by establishing Rourkela Steel Plant which is one of the pioneering units of the Steel Authority of India Limited (SAIL). Other private steel sectors established in Jajpur, Kalinga nagar like, NINL,VISA, ROHIT, JINDAL, TATA etc. The steel industries at Kalinga Nagar Industrial Complex, Jajpur Odisha has made a rapid growth on tough fundamentals over the last decade. The industry is getting all indispensable ingredients required for a vibrant growth. The Government of Odisha is supporting the production of steel through encouraging industrial reforms, while the private sector is backing it with investments worth billions of rupees. Even in the hard-hitting times of economic meltdown, the industry succeeded to uphold its positive growth momentum on the strong basics of household demand from infrastructure, automobile and construction sectors. The region has become a reputed name in the Indian steel industry with an impressive track record. Global steel giants from all over the world have shown their interest in the industry because of its exceptional performance. Odisha is the most favourite foreign direct investment destination for investors across India- Associated Chambers of Commerce and Industry of India (ASSOCHEM). This further signifies the flexibility and strength of the steel industry in Odisha against external risk factors. This paper presents the overall scenario of steel industry as well as Production, consumption and growth of steel industry at Kalinga Nagar Industrial Complex, Odisha. In the second part; the authors have made an attempt to highlight the Trends in production, growth and potential of Crude Steel in private/public sector in Odisha. In the final surface of this paper; the author concludes with the challenges and opportunities of steel industries at Kalinga Nagar Industrial Complex, Odisha.

Paper No: 
438