IDCO earmarks Rs 600 cr to set up new industrial parks in Odisha

BHUBANESWAR, AUG 26(Reporters Today Bureau): Around Rs 600 crore has been earmarked for the Industrial Infrastructure Development Corporation (IDCO) to set up 23 new industrial parks in Odisha.

          The state government has renewed its focus on development of ancillary industries to enhance employability and to accelerate economic development/

          The IDCO has been developing 11 industrial corridors alongside the Biju Expressway, which connects Rourkela in western Odisha and Malkangiri in the southern region.

         The government is also considering a proposal to provide incentives for industrial development in the backward regions.

          The administration has plans to set up two aluminium parks in Angul and Jharsuguda.

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