Odisha-Grown Falcon Group Signs MOU with Odisha Government to Invest ₹1500 Crores in 30,000 Tons Titanium Dioxide (TiO2) Plant and 500-Bedded Multispeciality Hospital
Bhubaneswar, 30/1: Falcon Group, a leading industrial enterprise based in Odisha, has entered into a significant Memorandum of Understanding (MOU) with the Odisha Government to set up a cutting-edge 30,000 tons Titanium Dioxide (TiO2) manufacturing plant and a 500-bedded multispecialty hospital in Odisha. With an investment of ₹1500 Crores where ₹1050 Crores in Titanium Dioxide (TiO2) manufacturing plant and ₹450 Crores for 500 bedded multispecialty hospital, the project is set to create more than 6000 direct and indirect employment opportunities, substantially contributing to the state’s economic growth and social infrastructure.
Shri Parthajeet Patnaik, Director of Falcon Group also commented that Falcon Group’s commitment to Odisha and its economic growth. With the addition of the TiO2 plant and the 500-bed hospital, this seems like a major step in contributing to both the industrial and healthcare sectors in the region. The mention of collaboration with the Odisha Government also suggests a strong focus on building sustainable growth and community support.
Odisha set to emerge as a major healthcare hub in India. We believe this initiative will be enhancing access to high-quality healthcare, meeting the increasing medical demands of the region, and neighboring states, said by Shri Patnaik of Falcon Group.
The proposed TiO2 plant, one of the largest in India, will position Falcon Group as a key player in the global titanium dioxide market, while the multispecialty hospital will provide comprehensive medical services to urban and rural populations in Odisha. This dual investment in industrial and healthcare sectors is poised to strengthen the region’s economy, while also enhancing healthcare access.
Falcon Group has a history of operational excellence and commitment to the state’s welfare. With this new project, the company is not only looking to expand its industrial footprint but also to contribute meaningfully to the region’s healthcare and employment ecosystem.
