Odisha clears 10 investment projects worth Rs 2,171.82 cr

Bhubaneswar: During the 103rd meeting of the State-Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Suresh Chandra Mahapatra, a total of 10 industrial projects worth Rs 2,171.82 crore were approved. The projects are expected to generate employment opportunities for over 5,242 persons.

The approved projects were from diverse sectors like steel, food processing, cement, chemical renewable energy and tourism.

The committee approved the proposal of My Home Industries Pvt. Limited (MHPL) to set up a three MTPA Cement Grinding unit at Badchana, Jajpur with an investment of Rs 650 crore, which will generate potential employment opportunities for over 750 persons.

An expansion project of L N Metallics Limited’s existing plant got the SLSWCA nod. It will set up 0.112 MTPA MS Billets, 0.112 MTPA TMT/ Structure/ MS Strip, 0.04 MTPA Ferro Alloys, 0.1 MTPA Sponge Iron, 0.6 MTPA Iron ore Beneficiation, 0.4 MTPA Pellet, 0.112 MTPA MS/GI Pipe and 23 MW CPP against an investment of Rs 205 crore to be set up at Sripura, Jharsuguda, which will generate potential employment opportunities for over 571 persons.

The SLSWCA gave a nod to Arcelor Mittal Nippon Steel India Limited to set up a Riverine Jetty at Udayabata in Jagatsinghpur against an investment of Rs 150 crore, which will generate potential employment opportunities for over 280 persons.

Similarly, it has approved the proposal to set up a 360 KLPD Ethanol, 120 KLPD Extra Neutral Alcohol(ENA), 10 MW Cogeneration Plant along with a bottling unit for ENA by Mash Bio fuels Pvt Ltd at an investment of Rs 258.05 crore, which will generate employment opportunities for over 300 persons. This food processing plant will be set up at Panimura, Tarabha in Sonepur district.

The panel has also cleared a project of Vibrant Spirits Pvt Ltd to set up 100 KLPD Ethanol along with 5 MW Co-generation Plant in Bargarh at an investment of Rs 100 crore, which will generate potential employment opportunities for over 2,250 persons.

The 103rd SLSWCA gave a nod to VCI Chemical Industries Pvt Ltd to set up a Coal Tar Distillation Plant with a 1,00,000TPA capacity at Kalinganagar in Jajpur at an investment of Rs 210 crore, which will generate potential employment opportunities for over 157 persons.

The panel has approved a cement plant project by Ramco Cements Limited to expand its existing plant with the addition of a cement grinding capacity of 0.9 MTPA at Haridaspur in Jajpur at an investment of Rs 190 crore, which will generate potential employment opportunities for over 60 persons.

Among others, the panel has cleared three luxury hotels including

● A 5-star Hotel by Luxurio Assets Private Limited against an investment of Rs 181.60 crore to be set up at Bhubaneswar in Khordha, which will generate employment opportunities for over 224 persons.

● A hotel-cum-luxury resort by Lalchand Resort Pvt Ltd against an investment of Rs 119.67 crore to be set up in Khordha, which will generate potential employment opportunities for over 350 persons.

● A 4-star hotel by Sailabala Infrastructure Pvt Ltd against an investment of Rs 107.50 crore to be set up at Chandaka Industrial Estate, Khordha, which will generate potential employment opportunities for over 300 persons.

To further boost the renewable energy sector, the State government has decided to extend financial incentives for the Electric Vehicle(EV) manufacturing industries, buyers, along with various tax waivers for the next five years. Such progressive action plans along with the time-bound implementations will reinforce Odisha’s position as the topmost investment destination in the country, mentioned a statement issued by the government.

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