Odisha approves 3 investment proposals of Rs 17,833 cr

Bhubaneswar: The Odisha government on Thusday approved three investment proposals worth Rs 17,833 crore, which will create 6539 new jobs.

The High-Level Clearance Authority (HLCA) meeting held under the Chairmanship of Chief Minister Naveen Patnaik further strengthened the predominance of the state in the core sectors of Steel, Aluminum and Thermal power by approving a proposal each in those sectors.

The HLCA approved the proposal of Hindalco Industries Ltd for setting up a 2 Million Ton per annum (MTPA) Alumina Refinery unit at- Kansariguda, District- Rayagada with a total investment of Rs 8000 crore providing employment to about 4250 people.

It also approved the proposal of NTPC Ltd for expansion of thermal power plant capacity of Talcher Thermal Power Station, located at Talcher in Angul district with additional investment of Rs.7698.46 crores.

The proposal of Rungta Mines Limited (RML) to expand its Integrated Steel Plant from 0.27 MTPA to 0.9 MTPA capacity at village- Kamanda in Sundargarh district with a total investment of Rs 2135 crore providing additional employment of  2289 people was also approved by HLCA.

The Chief Minister took stock of the follow up of investment intents received during MIO 2016 & MIO 2018.

Odisha has seen diversified Industrial development in recent years with the grounding of projects in Textile & Apparel, Chemical & Petrochemicals, Tourism, and Food processing sectors.

Industries secretary Hemant Sharma presented a roadmap for MIO 2020 which included outreach activities, industrial infrastructure development, and policy interventions.