Odisha govt clears four investment proposals of Rs 340 crore

Bhubaneswar: The Odisha government on Thursday approved four investment proposals envisaging an investment of Rs 339.27 crore.

The investment proposals were approved in State Level Single Window Clearance Authority (SLSWCA) meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi.

These proposals will create employment opportunities for 1354 people.

Giving in principle approval to the projects, Padhi directed the concerned departments to make a realistic assessment of the requirement of land and water for these industrial units.

The departments were further asked to provide proactive and facilitating support for the early grounding of the projects.

Padhi further directed the Single Window Authorities to decide on the investment proposals received at their end within the prescribed time limit without fail.

The proposals approved in the meeting belong to a variety of industries – downstream industries in metals, logistics and tourism, among others.

The SLSWCA accorded approval to two projects in the downstream metals sector. The first proposal was by a Delhi-based company to set up a manufacturing unit for steel tubes and pipes with a capacity of 1,80,000 tonnes per annum (TPA) at an investment of Rs 130 crore at Kalinganagar Industrial Complex, Jajpur.

The plant will create direct and indirect employment for 600 people.

The second downstream proposal approved at the meeting belonged to a Jamshedpur-based company which proposed to invest Rs 92 crore at Kalinganagar Industrial Complex to set up a manufacturing unit of steel doors and windows with a capacity of 1,80,000 annually.

The project would create employment for 250 people. This was the 400th proposal received by GO-SWIFT (Government of Odisha – Single Window Portal for Investor Facilitation and Tracking) last month.

The approval of both these projects is reflective of rising investor interest to set up downstream units in the metals sector in the State.

The third proposal approved in the meeting was that of a Bhubaneswar-based company which proposed to set up a logistics park in Khurda district.

The logistics park will have warehousing facilities, logistics warehousing facilities and a 600 KW rooftop solar power plant. The facility would be utilized for storing FMCG, durable goods, apparel and pharmaceutical products.

The project involves an investment of Rs 66.79 crore and will create direct and indirect jobs for 362 people.

Investment in Odisha’s tourism sector received a boost with a Berhampur-based real estate company’s proposal to set up a resort at Banthapali village in Berhampur receiving the nod.

The resort will include cottages, banquet hall, restaurants, swimming pool and health club. The project would be established at an investment of Rs 50.48 crore and will create employment for 142 people.

Further, the committee recommended the investment projects in downstream aluminium, petrochemical and chemicals worth Rs 12,600 crore to High-Level Clearance Authority (HLCA) for consideration.