Odisha clears investment proposals of Rs 1,002 cr

Bhubaneswar, June 21:

The Odisha government on Tuesday approved two projects with an investment of Rs 1,002 crore.

The Single Window Clearance Authority (SWCA) chaired by Chief Secretary Aditya Prasad Padhi cleared the two projects which are likely to generate employment for about 1,000 people in the state.

The first proposal was of the BMW Industries Limited (BMWIL) to set up a steel processing unit at Kalinganagar in Jajpur district with an investment of Rs 900 crore, said Industry Secretary Sanjib Chopra.

It would generate direct employment for 602 people, he said.

The proposed project would come up over 100 acres of land to produce colour coated steel sheets and galvanised steel tubes.

Besides, Chhattisgarh-based LL Logistics Pvt Ltd has proposed to set up a logistics park at Indranipatna near Choudwar in Cuttack district.

The company will invest Rs 102 crore and employ 460 people in its unit, Chopra said.

The company would set up warehouse, container facilities and cold storage in 70 acres of land. (IANS)