Odisha to Establish Critical Mineral Processing Park in Paradip
Odisha will launch a critical mineral processing park in Paradip as part of the National Critical Minerals Mission, with a total investment of Rs 500 crore for four parks nationwide. This initiative aims to enhance mineral processing capabilities and support downstream industries, particularly in steel production.
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The government has announced the establishment of a critical mineral processing park (CMPP) at Paradip, part of a broader National Critical Minerals Mission initiative that includes a total investment of Rs 500 crore for four parks across India. The facility is designed to provide the necessary infrastructure for industries focused on critical minerals, supporting sectors such as steel.
Investment requirements and employment generation figures are currently being finalized. Additionally, nine institutions have been designated as centres of excellence for research in the critical minerals domain, including CSIR-IMMT in Bhubaneswar. This development aligns with the announcement of a dedicated rare earth corridor in Odisha, which aims to boost the state's capabilities in mining and processing strategic minerals, ultimately attracting investments in sectors like electric vehicles and clean energy.
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