The Centre has approved the Odisha Government's proposal to set up Kalinganagar National Investment and Manufacturing Zone in Jajpur district.
The Zone will be a mega industrial zone having a world-class township to cater to the needs of the investors.
This is the third Investment and Manufacturing Zone of India involving a massive area of 163 square kilometer.
According to reports, the project is expected to invite 1 lakh crore rupees investment and generate 1 lakh 50 thousand direct jobs.
The Odisha government had earlier said it plan to establish the zone on over 40 thousand acre of land by spending more than 10 thousand crore rupees at Kalinga Nagar.
Notably, the State Government had envisaged the major project as part of 'Ease of Doing Business'.
It had committed to providing 24x7 power, dedicated industrial feeder and quality physical infrastructure and common facilities for the project.