Odisha Economic Corridor included under National Programme
The Odisha Economic Corridor (OEC) has now been included under the National Industrial Corridor Development Program after approval of the state government’s proposal from the National Industrial Corridor Development and Implementation Trust (NICDIT).
The NICDIT is an apex body under the Department for Promotion of Industry and Internal Trade (DPIIT). It has proposed to develop five industrial corridors in India. The Board of Trustees has already agreed for the initiation of the project development activities of priority clusters identified for implementation under Phase-1 in the two nodes identified by the state government.
The OEC will be a part of the northern-most stretch of the East Coast Economic Corridor (ECEC), the first coastal economic corridor planned in the country.
“The corridor has the potential to generate over Rs 4 lakh crore of manufacturing output, Rs 81,000 crore of investment and an additional eight lakh direct jobs by 2025”, read a statement issued by the state industries department.
The ECEC will be connecting four states – West Bengal, Odisha, Andhra Pradesh, and Tamil Nadu. The nodes have been identified based on factors like land availability, highways, large cities, existing industrial infrastructure, and ports. As per the plan, 100 km on each side of NH-16 has been taken as the corridor influence area.
The first node called the GBK node includes roughly 6,153 acres of land area in Gopalpur, Bhubaneswar, and Kalinganagar industrial areas of the Ganjam, Khurda, Cuttack, and Jajpur districts. While the second one called the PKDS node includes eight clusters with around 10,558 acres of land area in the Paradip, Kendrapada, Dhamra, and Subarnarekha industrial areas of the Jagatsinghpur, Kendrapada, Bhadrak, and Balasore districts.
Notably, new areas of land might be added during subsequent development phases of the nodes under the Odisha Economic Corridor.