Odisha approves investment proposals of Rs 922 crore

Bhubaneswar: The State Level Single Window Clearance Authority (SLSWCA) of the Odisha Government today approved five investment proposals of Rs 922 crore envisaging employment potential for 2650 persons.

The proposals approved in the SLSWCA meeting held under the chairmanship of Chief Secretary Asit Tripathy at the Lok Seva Bhawan were from tourism, steel, food processing and IT & ESDM (Information and Technology & Electronics System Design and Manufacturing) sectors.

In the ESDM sector, the committee approved the proposal of an Odisha-based ESDM company for setting up a manufacturing unit for production of Printed Circuit Boards (PCBs) of capacity 1,44,000 sq.mtr at EMC park (Infovalley) in Khordha district with a total investment of Rs 96.80 crore providing employment to about 425 people.

In the food processing sector, the proposal of a state-based leading exporter of seafood products for enhancement of its unit capacity located at Deras Sea Food Park, Khordha with additional investment of Rs 85.94 crore and employment potential for 580 people, was approved in the meeting.

In the tourism sector, the proposal of a national-level leading company for setting up an amusement park in Khordha district was approved by the SLSWCA. It would provide employment to around 500 people at an investment of Rs 107.10 crore. In the same sector, approval was also accorded to an Odia entrepreneur for setting up a four star hotel at Bhubaneswar with an investment of Rs 59.08 crore, which would provide employment for 167 people.

The approved proposal in the steel sector was from one of the existing sponge iron producers of Odisha to expand its 0.05 MTPA plant to 0.283 MTPA integrated steel plant in Keonjhar district with a total investment of Rs 573.41 crore providing additional employment of 978 people.