Odisha govt clears nine investment proposals of Rs 1177 crore

Bhubaneswar: The Odisha government on Friday approved nine investment proposals envisaging investment of Rs 1177.41 crore.

The projects were approved in the 82nd State Level Single Window Clearance Authority (SLSWCA) meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi here.

These proposals will create employment opportunities for 6,032 people.

The proposals approved in the meeting belong to a variety of industries – sanitary ware, food processing, hospitality, electronics manufacturing and IT services among others.

Recently, the Government of Odisha – Single Window for Investor Facilitation and Tracking (GO-SWIFT) had received the 500th investment proposal within a year of its launch from Hindustan Sanitaryware Industries Limited (HSIL).

The company’s proposal to set up a unit to manufacture glass containers of capacity 1,30,000 tonnes per annum at an investment of Rs 350 crore at Cuttack received the approval from SLSWCA. The unit will create employment opportunities for 1200 people.

The SLSWCA also gave its nod to Om Oil and Flour Mills Ltd (makers of RUCHI brand of spices), a leading Odisha-based food processing company for setting up a greenfield project to manufacture spices, pasta, noodles, fruit-based beverages, ready-to-cook and ready-to-eat items at Ramdaspur, Cuttack with a total investment of Rs.100 crores.

The unit will provide employment opportunities to 1560 people.

Omjay EV Limited’s proposal to set up an electric vehicle manufacturing unit at Jajpur entailing an investment of 52.41 crore was also approved in the meeting.

The greenfield project will manufacture electric rickshaws and electric scooters with an installed capacity of 50,000 numbers per annum. This will create direct and indirect job opportunities for 122 people.

Hindalco’s proposal to establish a coal gasification plant of 21,000 NM3 (Normal meter cube per hour) at Hirakud, Sambalpur with an investment of Rs 60 crore was also approved in the meeting. This will involve creation of 20 employment opportunities.

In a big boost to the State’s tourism sector, Mayfair Hotels and Resorts, a leading hotel chain in Eastern India received the nod to set up a Golf resort at Satapada in Puri with an investment of Rs. 125 crores.

This will create employment opportunities for 550 people in the State and help provide high-end accommodation facilities for tourists.

The electronics and IT sector in the State received a major boost with two proposals getting the nod.

The first proposal was by StarGSM Upakaran Peripherals, a Jaipur-based cellular handset and accessories company which will invest Rs 75 crore to set up a unit to manufacture 10 lakh pieces per annum of mobile handsets and accessories such as printed circuit boards, battery, charger, power banks etc at the Electronics Manufacturing Cluster at Infovalley on the outskirts of Bhubaneswar.

This will create direct and indirect jobs for 1300 people. The second proposal was from C-TEL Infosystems, a Hyderabad-based software company which proposed to set up a software centre to develop Internet of Things (IoT) software at the Electronics Manufacturing Cluster in Infovalley.

The unit will come up at an investment of Rs 65 crore and will create direct and indirect job opportunities for 730 people.

Two proposals from Central PSUs also received approval in the meeting. Bharat Petroleum Corporation Limited’s proposal to invest additional Rs 250 crore to set up a lignocellulosic biomass ethanol bio-refinery plant of capacity 100KL per day at Bargarh was approved by SLSWCA.

The employment potential of the project is 200 people. The second proposal was from HIL Limited to set up a manufacturing unit for production of agrochemicals of capacity 10,000 MT at Chatrapur in Ganjam district with a total investment of Rs. 100 crores. This will lead to creation of 350 employment opportunities for people.

In addition to the aforementioned proposals, the SLSWCA recommended two investment proposals in the steel sector entailing combined investments of Rs 3,526 crores to the High Level Clearance Authority (HLCA) headed by the the Chief Minister for consideration.