Press Releases

Press Releases

Why India?
  • World’s third biggest economy of World
  • Huge consumption potential  with 1.2 billion population with domestic demand accounts for 60% of the GDP
  • India is one of the fastest growing economies and poised to overtake China as by 2016 as per World Bank report
  • India has emerged as the most favoured destination for foreign direct investment (FDI) in year 2015
  • Stable government at center
  • Conducive investment climate
  • Strong financial regulatory framework
  • Rising per Capita income and growing middle class
  • India has second largest young workforce (20 – 35 age)
  • Ease of doing business, simplified regulation and greater coordination between central and state government aids in industrial investment
Why Odisha?
  • Stable political regime and investor friendly policy environment
  • The state offers a wide range of fiscal and policy incentives for businesses under the Industrial Policy Resolution, 2015 and Odisha SEZ Policy 2015 Resolution
  • Vibrant industry sector with Strong institutional support
  • Single window facilitation with common application form (CAF)
  • Conducive and peaceful industrial climate
  • Orissa has abundant natural resources and a large coastline
  • The industrial electricity tariff is one of the lowest in India – INR 5.02 /Kwh
  • Orissa is well connected by all modern means of transport
  • Educated workforce: It has premier institutions such as IIT, XIMB, NIT, IIM, and many engineering institutes and ITIs (Industrial training institutes)  that educate more than 1,50,000 students per year.
  • 450 Kms of Coastline with three operating ports and four proposed ports – excellent connectivity to SE Asian & Far Eastern markets
  • Adequate fresh water available for industrial use - About 10% of India’s utilizable water (surface & ground)
Why TSSEZ?
  • Established developer goodwill associated with TATA brand. TATA steel  is committed to promote the Special Economic Zone (SEZ) as an industrial growth engine in State of Odisha.
  • 2,970 acres  (1202 Ha) of contiguous land parcel and free from encumbrance – the key USP for the upcoming Zone.
  • Availability of land at affordable cost
  • Multi modal logistics advantage with Rail, Air, Road and Port connectivity.
  • Site enjoys access to a significant export catchment comprising East Asian countries
  • Excellent connectivity with the established markets of Odisha along with neighbouring states of Andhra Pradesh, West Bengal, Telengana, etc.
  • First of its kind SEZ in the eastern part of the country.
  • Adequate availability of Skilled manpower – presence of ITI, technical and skill development institutes in the district
  • Established Power Supply sourced from Govt. of Odisha at competitive rate  of Rs. 5.02/ kwh
  • Water commitment ~ perennial water to the site
  • TATA Steel is committed to extend all support to potential investors
  • Tata Steel has already committed anchor investment of Rs. 800 crore spent for setting up a 55000 TPA High Carbon Ferro chrome Plant in an area of 400 acres expected to be commissioned by March 2016.
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