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Industrialist and IMFA founder Bansidhar Panda passes away at 87

BHUBANESWAR: Noted Odia industrialist Dr Bansidhar Panda, Founder and Chairman Emeritus, of Indian Metal and Ferro Alloys (IMFA), one of the country’s leading ferro-alloy companies, died on Tuesday at his Bhubaneshwar residence. He was

Panda is survived by his children, Member of Parliament Baijayant Panda and Subhrakant Panda, Paramita Mahapatra and Nita Ganapati.

Political leaders across party lines, including Chief Minister Naveen Patnaik, extended their condolences to the family.

With a degree from Benaras Hindu University, Panda left for the United States in the fifties to study at Michigan Technological University and Harvard University. On returning from the US where he worked as a researcher, he established IMFA starting with a plant at Therubali in the then remote and backward district of Koraput in

The decision to become an entrepreneur and set out to build something as ambitious as an integrated ferroalloy plant in the early sixties is why many consider him as the father figure of industry in Odisha.

Panda was friends with the late Biju Patnaik who had similarly embarked on several industrial projects, convinced that that was how the state could be freed form its burden of poverty.

BJP politician, and one-time founding member of the Biju Janata Dal, Bijoy Mohapatra recalled how Panda bought Kalinga Tubes and other properties at Choudwar Cuttack off Biju-babu when the later was in need of money.

“In return, Biju-babu nominated his wife, Ila Panda to the Rajya Sabha.

Bansidhar panda biography examples for kids Bansidhar Panda was also awarded Sarala Award and Ekalabya Puruskar for his contribution in literature as well as sports. He was known for his philanthropic activities. Download the TNIE app to stay with us and follow the latest. Dr Bansidhar Panda, a renowned research scientist was close to former chief minister Biju Patnaik.

There were some people in the party who didn’t understand the decision but who came around when Biju-babu explained how Bansidhar Panda had helped him at a time of distress,” remembers Mohapatra.

In a statement on the company’s website the late industrialist says, he experienced the power of applied science transforming its people and the nation, while in the US and was moved try and replicate the same in Odisha.

“As a scientist, I have pursued the Gandhian principle of changing as many lives I interact with as possible although the limitations of such a principle are severe even in the land of Gandhi. But, a vision lasts forever…..", said Panda.

In his later years he would dedicate much of his time to philanthropic causes and literature.

The family, through its trusts, recognises literary achievements with the year old Sarala Award and achievers in sports with the Ekalabya Puruskar, instituted in