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Coastal job zone soon


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State Government has shown keen interest in this regard and has identified the area.

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Coastal job zone soon

  1. 1. Coastal Jobzone Soon Opportunities
  2. 2. Odisha will have a Coastal Employment Zone at Paradip, which will promote exports and create jobs.
  3. 3. State Government has shown keen interest in this regard and has identified the area, which has been conceived for overall development.
  4. 4. There is 83,215 acres of land available and of the total land 19,200 acres has been proposed for the Phase I of CEZ, said sources.
  5. 5. According to sources, 5924 acres in Paradip and 1600 acres in Dhamra will be declared as CEZ.
  6. 6. While CEZ will be headquartered at Paradip, where one of the major ports of the country is there, Dhamra Port Zone will be roped in for the purpose, where largest private port in East Coast is operating, said an official.
  7. 7. CEZ will be developed through a Special Purpose Vehicle (SPV), where State Government will have 51 Percent share and Centre will be having 49 Percent, said official sources.
  8. 8. SPV shall have the authority to pursue development of CEZ and monetization of the land shall be retained within SPV.
  9. 9. Odisha CEZ located in a mineral rich state, has a strong presence of bulk manufacturing with most of the steel and coal production from the region around the port.
  10. 10. Odisha CEZ could emerge as one of the major hubs for coastal shipping of thermal coal from Mahanadi Coalfields Limited (MCL) to the southern states.
  11. 11. It could also coastally ship steel to Maharashtra, Tamilnadu and Andhra Pradesh, officials say.
  12. 12. In addition, IOCL has set up a 15 MTPA crude oil refinery complex in Paradip, close to port.
  13. 13. Beyond petroleum, oil and lubricants, coal, fertilizer, iron and steel, timber based industries also hold potential for CEZ, said the officer.
  14. 14. Under the National Perspective Plan developed under Sagarmala Program at least 14 SEZs have been planned, while on the East Coast Odisha and Andhra Pradesh has shown interest to set up CEZ, said sources in NITI Aayog.
  15. 15. The Aayog in its three-year draft action agenda has suggested that coastal employment zones (CEZs) will have more liberal and business-friendly economic environment.
  16. 16. CEZ concept is a Chinese strategy for more focused approach has better chances of capturing agglomeration economies and producing results over a relatively short time.
  17. 17. The CEZ would provide a business friendly ecosystem including ease of doing business, especially, ease of export and import, swift decisions on applications for environmental clearances and speedy water and electricity connections.
  18. 18. Apart from conventional infrastructure, the zones would need to create urban spaces to house local resident workforce.
  19. 19. Source: