Odisha: SLSWCA approves 11 Industrial Projects worth around Rs 3,266 Crore with 9,146 employment potential
Bhubaneswar: Odisha Government approved 11 industrial projects on Monday worth approximately Rs 3,266 crore, generating 9,146 employment opportunities for the people of the State, in its 119th State Level Single Window Clearance Authority (SLSWCA) meeting held in Bhubaneswar.
The high-level meeting was chaired by Odisha Chief Secretary Pradeep Kumar Jena.
The State government is committed to converting the investment intents into ground reality and in this endeavour, holds SLSWCA meetings at regular intervals to fast-track the grounding of projects. This showcases the government’s intent to reinforce Odisha’s rank as 2nd among the States in attracting ongoing investments in FY 2023. Projects spread across diverse sectors like Metal Downstream and Ancillary, Chemicals, Food Processing, Agro Processing, Plastics, Textiles Apparel, IT & ESDM, and Renewable Energy received approvals in the 119th SLSWCA. The approved projects will be set up across various parts of the State including Balasore, Bolangir, Kalahandi, Khurda and Jajpur districts.
Also Read: BSF troops recover Maoist dump in Gomphakonda reserve forest of Odisha’s Malkangiri
Odisha has consistently been a leader in the mining and metallurgy sector owing to its natural resource advantage. However, in the last few years, due to concerted efforts by the Government of Odisha, the State has been able to broad-base its industrial ecosystem and has attracted a leading multinational company Nestlé India Limited in the food-processing sector. Nestle will be setting up a food processing unit with an investment of over Rs 890 crore providing employment to over 800 people.
In the Textiles & Apparel sector, M/s Colortone Garments Pvt Ltd, a subsidiary of First Step Baby-Wear, the 2nd largest baby-wear manufacturer in India is to set up an integrated apparel manufacturing facility along with 1.2 MW Rooftop captive solar power plant with an investment of over Rs 200 crore providing employment to over 4,820 people.
Similarly, a marquee name in the chemicals sector, Himadri Speciality Chemical Limited, also received approval to set up its first chemical manufacturing unit in Odisha with an investment of over Rs 980 crore providing employment to over 1,400 people.
Odisha is becoming a major investment destination for companies in the plastics sector and three key projects were approved in this sector during the 119th SLSWCA. IDVB Recycling Operations Pvt Ltd is to set up a new unit of recycled pet flakes and recycled per resin products having an annual capacity of 63,000 MT with an investment of Rs 318 crore providing employment to over 240 people. Purv Packaging Pvt Ltd is to set up a new manufacturing unit for plastic caps, Pet pre-forms and other allied products, having an annual capacity of 1,017.70 Million Pcs with an investment of Rs 152 crore providing employment to over 133 people. RDB Rasayans Ltd is to set up a new manufacturing unit for flexible intermediate bulk containers and other allied products, having an annual capacity of 6,000MT with an investment of Rs 59 crore providing employment to over 390 people.
While Odisha remains the leader in the production of Steel, Stainless Steel, Alumina and Aluminium, it is also emerging as the leader in the metal downstream and ancillary sector. This claim was further strengthened today when the SLSWCA approved another two projects in the Metal Downstream and Ancillary sectors. The projects of Beekay Utkal Steel Private Limited and IFGL Refractories Limited were approved, which aim to provide employment to more than 350 people of Odisha with an investment of over Rs 260 crore. IFGL Refractories Limited, a leading refractory manufacturer in the country, is to set up its 2nd unit in the State, while Beekay Utkal Steel Private Limited, a leading metal downstream company is to set up its 3rd unit in the state.
In the IT and ESDM sector, the committee gave a nod to a project by Nisum Consulting Private Limited with an investment of INR 200 crore. The company proposes to set up a software development centre facility which will provide employment opportunities to over 640 people in Odisha.
The project details are as follows which received approval from the committee:
Notably, the Government has always encouraged and welcomed industrialists to invest in Odisha. Its industry-friendly policies positioned the State to be a highly lucrative destination for investors who have been awaiting opportunities to step into Eastern India or expand their footprints in the region.
Comments are closed.