Odisha government approves 25 industrial projects worth Rs 5,827.27crore
Bhubaneswar: The State Level Single Window Clearance Authority (SLSWCA) in Odisha held its 115th meeting under the chairpersonship of Chief Secretary Pradeep Kumar Jena here today.
During the meeting, the SLSWCA approved 25 industrial projects with a cumulative investment of Rs 5,827.27crore. The projects are expected to create employment opportunities for over 25,000 people in the state.
It also recommended three large projects with investment of Rs 28,000 crore and capacity to create employment opportunities for around 19,000 people to the High-Level Clearance Authority (HLCA).
Out of the multiple investment intents garnered during the Make in Odisha Conclave 2022, 16 projects came up for approval in the 115th meeting of the SLSWCA.
With grit, determination and hard work, the state government is ensuring that they transform the garnered investments into ground reality as seamlessly as possible. The state government is actively encouraging investors to invest in Odisha and reap marvellous results from them.
The state received investments intents spanning across sectors like infrastructure, food processing, tourism, IT infrastructure, IT & ESDM, pharmaceutical, plastic, chemical and petrochemical, steel, textile, apparel and technical textile and many more.
The approved projects are set to be set up at various places in Khurda, Cuttack, Jajpur, Jagatsinghpur, Mayurbhanj, Sundergarh and Bhadrak districts in Odisha.
The SLSWCA approved three projects in the plastic sector, which reflect total investment of Rs 392.10 crore and are jointly expected to provide employment opportunities to 664 people of the state.
Shri Maa Packaging Ltd, Chemco Plastic Industries Pvt. Ltd. and Cool Caps Industries Ltd. are set to come up with their respective units at Malipada, Khurda.
A total of eight projects received the nod in the steel segment, including three projects in the steel downstream segment and two projects in the steel, ferro alloys segment. The eight projects are estimated to provide employment opportunities to over 3,000 people of the state.
While three of the units are set to come up at Kalinga Nagar, the rest of them will be set up in various other parts of the state including at Mandiakudar, Bonai, Lathikata, Rairangpur and Jamda. A total of Rs 2,418.49 crore will be invested by these eight promoters.
In the food processing segment, three projects got approval from the SLSWCA. While Dodla Dairy Limited and one unit of Krupalu Kunja are set to establish their dairy products manufacturing units at Jagatsinghpur and Dhanpur, Korei respectively, another unit of Krupalu Kunja is set to put up a modern rice mill at Tajpur, Korei area. In total, the segment will witness an investment of Rs 164.99 crore and is expected to generate 491 employment opportunities.
Musaddilal Projects Private Limited (Scalar) and SGBL Infosystems Private Limited are the two projects which got approved in the infrastructure segment. With a total investment of 213 crore, the projects are jointly expected to generate 6,340 employment opportunities. Both the projects are to be set up in Cuttack.
SNM Hotels and Resorts Private Limited is all set to establish their hotel and resort facility at Sahukhanata, Gop, in Puri district. While the organization will invest an amount of Rs 80.62 crore in the state, it is expected to provide employment opportunities to more than 150 people.
In the IT & ESDM segment, the SLSWCA approved two projects with a cumulative investment of Rs 203.71 crore. While D N Homes Pvt Ltd will come up with its data center facility and IT infrastructure with modern amenities at Info Valley –II in Khurda district, NMDC Data Center Pvt Ltd will set up its data center facility which will offer co-location managed cloud hosting services at EMC Park (Info Valley). In the IT & ESDM/ green energy equipment sector Ampin Solar Private Limited got an approval to set up its manufacturing facility of solar cells and modules at EMC Park (Info Valley).
With a total investment of Rs 95.96 crore, Royale Hotels Private Limited will set up an IT park at Khurda.
In the pharmaceutical segment, the SLSWCA gave its nod to Tropic Resources Private Limited which is expected to set up an IV Infusion and a Mineral Water Plant at Rourkela in Sundargarh district.
On the other hand, DryChem India Pvt. Ltd will invest an amount of Rs 57.50 to set up manufacturing facility for gypsum plaster and gypsum Board, RMP tile adhesive and wall putty at Dhamra in Bhadrakh.
In the textile, apparel and technical textile sector, Shahi Exports Private Limited Odisha-3 (New Unit) received the nod and is set to come up with its readymade garments unit at Khurda.
With an investment of Rs 250 crore, this project is expected to provide employment opportunities to 10,000 people of the state.
In the chemical and petrochemical segment, Ngaz Paradeep Private Limited has received the approval to set up its refrigerated propane and butane (LPG) storage terminal of 2 MTPA capacity at Paradip in Jagatsinghpur. With an investment of Rs 900 crore, the project is expected to generate 600 employment opportunities.
The state government has always welcomed industrialists with open arms and has encouraged businesses to invest in Odisha. With its natural resources, Odisha has become one of the most attractive destinations for investment.
Besides, the state government is actively working on every single project individually and transforming the investment intents into ground reality.