Odisha govt approves 7 investment projects worth Rs 511.19 crore

Bhubaneswar: The Odisha government on Wednesday approved seven investment projects envisaging investment of around Rs 511.19 crore and employment opportunities for 6,402 persons.  

The State Level Single Window Clearance Authority (SLSWCA) meeting held under the chairmanship of Chief Secretary Suresh Chandra Mahapatra accorded in-principle approval to the projects.

Presenting financial and technical details of the investment proposals, Principal Secretary Industry Secretary Hemant Kumar Sharma said that the projects were employment-intensive in the sectors like textile, apparel, paper products, renewable energy, tourism, steel downstream and iron ore beneficiation.

Giving in-principle approval to the projects, Mahapatra directed IPICOL to have oversight on the construction and commissioning of the projects approved earlier.

Concerned departments were asked to extend proactive facilitation for expeditious construction of the industries. 

The Chief Secretary also directed that the industries should employ the persons ‘skilled in Odisha’.

The approved projects included the proposal of Ambattur Fashions to set up a Men’s and Women’s apparel manufacturing unit at Chandaka in Khorda district with an investment of Rs 51 crore, and employment opportunities for over 4,700 persons.

Wild Lotus Fashions proposed to set up a Garment Manufacturing unit at the Chhatabar Industrial Estate in Khorda district against an investment of Rs  52.62 crore, which would generate employment opportunities for over 560 persons.  

Shree Banshi Luxmi Private Limited (a subsidiary of Pioneer Packaging Private Limited) has decided to set up a new Kraft Paper unit with a capacity of 300 Ton per day in Balasore district envisaging an investment of Rs 120 crore, and employment opportunitiesies for over 750 persons.

Indian Oil Corporation Limited proposed to set up a 10 MW Solar Power Plant in Boudh district with an investment of 52.28 crore, and employment opportunity for over 65 persons; Prachi Resorts to set up a 4-star Hotel in Khordha district with an investment of Rs. 63.30 crore, and employment opportunities for over 85 persons; Sygma Tubes And Pipes to set up a 5,00,000 MT Tube and Pipe manufacturing unit in  Sambalpur district with an investment of Rs 51.99 crore, and employment opportunity for over 60 persons; and the proposal of PTCL Infrastructure Limited for expansion of its iron ore beneficiation plant from 1.5 MTPA to 2.5 MTPA at Barbil, Keonjhar with an investment of Rs. 120 crore which would create employment opportunities for over 182 persons.