Odisha govt approves projects worth Rs 3,663 crore

Bhubaneswar: The Odisha government today approved 19 industrial projects worth Rs 3,663 crore, with an employment potential of nearly 13,663 persons.

The projects were approved in the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Pradeep Kumar Jena.

122nd SLSWCA showcased the state’s commitment to diversifying its industrial landscape across multiple sectors. Significant endorsements were made in the apparel and textiles sector, further strengthening Odisha’s manufacturing capabilities. The plastics industry received a boost, emphasizing the state’s focus on modern manufacturing and sustainable materials. The steel sector, both downstream and primary, witnessed a surge in approvals, highlighting the region’s rich mineral resources and metallurgical expertise.

Renewable energy emerged as a priority, reflecting Odisha’s commitment to sustainable and green energy solutions. The Agro and Food Processing sectors saw advancements, tapping into the State’s agricultural potential. Infrastructure development, particularly in freight and logistics, was given emphasis, while the tourism sector’s growth was championed to leverage Odisha’s cultural and natural attractions. These sectors spanned across 10 districts indicating a widespread industrial development strategy.

These projects, with a combined investment of Rs 3,663 crores, are set to generate employment for approximately 13,663 individuals, reflecting the state’s unwavering commitment to job creation and sustainable development.

The EPIC Group, an apparel manufacturer based in Hong Kong renowned for serving some of the world’s leading brands, is poised to bolster foreign direct investment (FDI) in Odisha. Trimetro Garments India Pvt. Ltd. a subsidiary of the EPIC Group, is planning to invest Rs 376.85 crore in the establishment of its apparel manufacturing facility, consequently generating employment for 7,050 individuals in Khordha.

Time Technoplast Limited and Oricon Enterprise Limited are set to enhance the plastic sector with their manufacturing units in Khordha, with investment of Rs 57 crore and Rs 90 crore respectively.

The steel sector has experienced significant growth due to investments from several companies, including Nezone Steel Utkal LLP, Advance Steel Tubes Limited, Nirmal Steels Private Limited, Rungta Mines Limited, Ferro Tech India Private Limited, and Super Sonic Logistics Private Limited.

Collectively, these companies have invested over Rs 2,000 crore in regions such as Kalinganagar, Dhenkanal, and Sundergarh. Notably, Nezone Steel Utkal LLP is expanding its manufacturing capacity with the establishment of their second unit.

In the renewable energy sector, Mahanadi Coalfields Limited (MCL), and Odisha Power Generation Corporation Limited (OPGCL) are launching solar power plants with investments of Rs 297.61 crore and Rs 215 crore respectively.

The Agro and Food Processing sectors are poised to benefit from its homegrown companies, such as Pragati Milk Products Pvt. Ltd.’s ice-cream and baked product manufacturing plant in Chandanpur and Coastal Biotech Private Limited’s modern rice mill in Paralakhemundi,

Infrastructure development gets a boost with projects like Koli Commercial LLP and Vimla Infrastructure (India) Pvt Ltd, both establishing Private Freight Terminals under the Gati Shakti Multi-Modal Terminal scheme.

Krupalu Kunja is setting up a Compressed Bio Gas and fermented organic manure plant in Jajpur with annual capacity 46,000 MT with an investment of Rs 73.25 crore and an employment potential of 138.

Odisha’s tourism sector is set to shine brighter with Mayfair Hotels & Resorts Ltd’s Convention Centre in Paradeep, Jagatsinghpur, which is expanding its capacity by 20 rooms.        

These projects, spanning diverse sectors from apparel to renewable energy, underscore Odisha’s multifaceted growth strategy. As these ventures inch closer to realization, Odisha continues its ascent as a beacon of industrial growth and innovation.