Odisha govt clears six investment proposals worth over Rs 9,000 crore

Bhubaneswar: Amid the COVID-19 pandemic, the Odisha government today approved investment proposals worth over Rs 9000 crore in the State that will create employments for 6525 people.

The 22nd High Level Clearance Authority (HLCA) meeting held under the chairmanship of Chief Minister Naveen Patnaik approved two investment proposals worth Rs 8850.19 crore. The fresh investments will generate employment for 5,250 people, Patnaik said after the meeting.

He also announced that the state will set up an inter ministerial committee to look into the issues of industries and MSMEs in the prevailing pandemic situation and recommend appropriate suggestions for bringing them back on track.

The ministers who are members of HLCA will be the members of the inter-ministerial group. The members of the committee are: Finance minister Niranjan Pujari, Labour minister Sushant Singh, Steel and Mines minister Prafulla Mallick, and Minister of State, Industries and MSME, DS Mishra.

M/s. Dhunseri Ventures Limited’s proposal for setting up Maleic Anhydride manufacturing unit with annual capacity of 60,000MT at Paradeep in Jagatsinghpur district with a total investment of Rs. 1013.29 crore get the providing employment of 350 people.

Another proposal of M/s Rungta Mines Limited (RML) for setting up an expansion of its Integrated Steel Plant project from 0.9 MTPA to 2.85 MTPA capacity, with CPP of 385 MW and 1.69 MTPA Cement Plant (in two phases) at Jharbandh of Dhenkanal district with a total investment of Rs 7836.90 crore was approved by the HLCA. This will provide employment to 4900 people.

During the 91st State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Asit Kumar Tripathy, Odisha Chief Secretary, four more investment proposals worth Rs 251.09 crore were approved.

These proposals spread across sectors like Metal & Metal Downstream, Textile & Apparel and Logistics & Infrastructure and are likely to generate employment for 1275 people. This also includes an investment from a Chinese sports shoe manufacturing company.
In the footwear sector, the proposal of M/S Niren Kumar Anand, for setting up footwear manufacturing unit of capacity 1 million pieces with an investment of Rs 62.44 crore and employing around additional 620 people was approved by the SLSWCA.

The proposal of M/s Kashvi International (P) Limited to set up an addition of 1.2 MTPA Iron Ore beneficiation Plant to its 0.6 MTPA Iron Ore Pelletisation Plant, with an investment of Rs. 55.23crore and providing employment to about 50 people also got the State government’s approval.

The meeting also gave its nod to the proposal of M/s Purosteel India Pvt. Ltd. to set up a manufacturing unit such as tubes & Pipes PVD Coating, furniture fabrication, finished sheets & profiles, trimes plant with an investment of Rs. 53.42 crore of capacity providing employment opportunities for 200 people

The proposal of M/s Odisha Carriers and Trade for setting up three logistics Park cum Fulfillment centres, with an investment of Rs 80 crore received an approval from the government. The project will provide an additional employment opportunities for 405 people.

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