Odisha govt approves Rs 1188 cr investment proposals

Bhubaneswar: The Odisha government on Friday approved Rs 1188 crore investment proposal.

The State Level Single Window Clearance Authority (SLSWCA) headed by chief secretary A.P. Padhi approved investment proposals of Ambuja Cements Ltd, Emami Paper Mills Ltd and Surya Foods and Agro Ltd.

The three projects are Rs 650 crore expansion plan of Emami Paper Mills at Balgopalpur in Balasore district, Rs 430 crore grinding unit of Ambuja Cements at Jharsuguda and Rs 108.99 crore project of Surya Food & Agro Ltd, the manufacturers of Priyagold biscuits at Khurda.

Emami Paper Mills will expand their multilayer coated board manufacturing plant at Balgopalpur industrial estate in Balasore with an investment of Rs 650 crore.

With the expansion plans, the company is expected to generate around 1750 direct and indirect employment opportunities, said an official.

Proposal of Ambuja Cements to set up a 1.5 mtpa cement grinding unit in Jharsuguda has also been approved by the SLSWCA. The company will invest Rs 430 crore in the project, said the official.

The proposed facility will spread across 125 acres and add to the company’s existing portfolio of five integrated cement manufacturing plants and eight cement grinding units across the country.

The proposed project is expected to generate 300 direct and indirect job opportunities in the state, said the official.

The SLSWCA also approved Rs 108 crore project proposal of Surya Foods and Agro Ltd to set up biscuit manufacturing unit at the food park in Khurdha.