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Report by Orissadiary correspondent; Bhubaneswar: The Orissa government has approved Amtek Metal & Mining Ltd.'s project to set up a Merge Auto Park with associated 2 MT integrated Steel plant & 500 MW Power Plant at Tangi near Cuttack. The most important aspect of this project is the "hot metal" transfer from Blast Furnace to the Auto Park to produce auto components.
An MOU has been signed here on Friday in the Orissa Secretariat by the Government of Orissa and M/s AMTEK METAL & MINING LTD.to set up a Mega Auto Park associated with a two million tonnes per annum Integrated Steel Plant and a 500 MW Power Plant at Tangi in the district of Cuttack in a land of 2500 Acres and an investment of Rs 2050 Crores in presence of the Chief Minister Naveen Patnaik, Industries Minister Raghunath Mohanty, Chief Secretary Tarunkanti Mishra.
On the Occasion the Chief Minister Naveen Patnaik said that the Industrial Policy being followed by the State is to leverge the abundant mineral and other resources of the State and to promote maximum value addition of these resources within the State. The objective of industrialization is to maximize employment generation and generate revenue resources through development of ancillary and downstream industries. The thrust sectors that have been identified in the Industrial Policy Resolution, 2007 include the auto components sector which has a large potential for employment generation and the development of engineering ancillary industries. I am therefore, particularly happy that Amatek Metal and Mining Ltd. will set up their auto component manufacturing unit in Orissa, along with their steel plant.
The proposed Auto Park would help generate new areas of growth in the State while providing local skilled youth an opportunity for employment. With the signing of this MoU we expect greater interest from the national auto industry which will help create an Auto Hub in the State. The Availability of raw materials, adequate trained man power, a facilitating investment environment and good logistics will, I am sure, help to develop such a hub in the State.
M/s Amtek has also committed to start adequate training facilities within the State apart from utilising their existing training centres in the various parts of the country. We look forward to a greater development of Amtek group in the State and hope they will leverage their presence in the global auto component industry to bring a large number of auto players to the State.
The proposed Auto Park gives new areas of growth in state of Orissa. Amtek group has requisite expertise with plants in India and abroad in Auto components. Amtek's endeaour would be to draw and train maximum manpower from the state of Orissa. Amtek has a state of art training & development facilities across India. Amtek has also planned to start training and development facilities to train local youths in Auto industry in the existing facilities and to create facilities in proposed plant location besides adopting ITI's & Polytechnics in state of Orissa. Amtek also has in house training programmes for its management and staff in fields of Design Centre, Foundry, Lean Six sigma, Quantity circles etc.
AMML's Auto Park will consist the units such as Ferrous Foundry , Steel Forging Plant, Steel Fabrication Plant ,Open Die Forging Plant ,Special Fasteners, Aluminium Die Casting Plant,Alloy Steel Plant ,Ring Gear Blank Plant.
The project when completed will provide direct & indirect employment opportunities to 33,000 people. The total project cost is Rs 15,820 crore out of which Rs 2000 crore will be for Mega Auto Park with the hot metal transfer technology.
The project will be spread over an area of 2500 acres of land of which 550 acres will be for Mega Auto Park. Amtek with its existing relationships in the Auto industry and Orissa government through its various initiatives will invite other major domestic and global auto players to participate in the growth of Orissa, to create a stimulus for auto industry in Orissa. India is emerging as an "Auto Hub" for global automobile manufacturers as a favoured destination. The Ametek Metal & Mining Ltd's project will be a facilitator for growth of auto business in Orissa which is destined to become Auto Hub of India because of availability of raw materials, trained manpower, pro-active & dynamic government and efficient bureaucracy. Amtek Metal & Mining Ltd. thanks Hon'ble Chief Minister of Orissa & his team for speedy clearance of the project. Amtek Metal & Mining Ltd is committed to implement the project as per the agreed project schedule.
Amtek is a global Auto component supplier with 32 manufacturing facilities across the globe and having a turnover over 1 Billion Dollar. The flagship company Amtek Auto Limited, was incorporated in the year 1985 as a supplier to Maruti Suzuki India. The group has since come a long way and established its name as preferred TIER-1 supplier for a widely diversified range of components. Amtek's relationship with customers worldwide has given it added edge and access to the latest technologies. Amtek has also got diversified interests in the Non auto sectors like Railways, Defence etc.
Group's customer portfolio consists of big players like Ford, Gm, Chrysler, Land Rover, Maruti Suzuki, Toyota, Tata, JCB, BMW, Renault etc. Amtek has also got joint venture with major companies like Neumayer Tekfor (Italy), Magna Powertrain(Canada), Sumitomo Corporation (Japan), Benda Kogyo (Japan) and America Railcar Industries (USA).
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