Odisha clears six proposals worth over Rs 9000 Cr

Bhubaneswar: The Odisha government on Monday approved six investment proposals totaling Rs 9100.29 crore.

The 22nd High Level Clearance Authority (HLCA) meeting held under the chairmanship of Chief Minister Naveen Patnaik approved two investment proposals worth Rs. 8850.19 crore with an employment potential of 5250 people.

This was preceded by the 91st State Level Single Window Clearance Authority (SLSWCA) meeting chaired by chief secretary Asit Kumar Tripathy, which approved four more investment proposals worth Rs. 251.09 crore.

These proposals spread across sectors like metal & metal downstream, textile & apparel and logistics & infrastructure. They are likely to generate employment for 1275 people. This also includes an investment from a Chinese sports shoe manufacturing company.

The HLCA approved the proposal of Dhunseri Ventures Limited for setting up Maleic Anhydride manufacturing unit with annual capacity of 60,000MT at Paradeep, in Jagatsinghpur district with a total investment of Rs. 1013.29 crore providing employment of 350 people.

The proposal of Rungta Mines Limited (RML)for setting up an expansion of its Integrated Steel Plant project from 0.9 MTPA to 2.85 MTPA capacity, with CPP of 385 MW and 1.69 MTPA Cement Plant (in two phases) at-Jharbandh, in Dhenkanal district with a total investment of Rs. 7836.90 crore providing employment of 4900 people has also approved by HLCA.

The SLSWCA approved four planned projects which included the following:

•In the Footwear sector, the proposal of M/S Niren Kumar Anand,  for setting up Footwear manufacturing unit of capacity 1 Million pieces with an investment of Rs. 62.44 crore and employing around additional 620 people. This is first of its kind project in the state and has immense potential for further employment generation.

•The proposal of M/s Kashvi International (P) Limited to set up an addition of 1.2 MTPA Iron Ore beneficiation Plant to its 0.6 MTPA Iron Ore Pelletisation Plant, with an investment of Rs. 55.23crore and providing employment to about 50 people.

•In a big boost to the State’s Metal Downstream sector, the proposal of M/s Purosteel India Pvt. Ltd. to set up a manufacturing unit such as tubes & Pipes PVD Coating, furniture fabrication, finished sheets & profiles, trimes plant with an investment of Rs. 53.42crore of capacity providing employment opportunities for 200 people.

•The proposal of M/s Odisha Carriers and Trade for setting up three logistics Park cum Fulfillmentcentres, with an investment of Rs. 80 crore and it will provide an additional employment opportunities for 405 people.