Investment Proposals of Rs.464.72 crores received Government nod

Published: Nov 17, 2020, 11:07 pm IST
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The Samikhsya Bureau

Bhubaneswar: Beating all odds of the unprecedented pandemic, the State Government has brought in new investment proposals of around Rs. 1,19,214.72 cr generating employment opportunity for over 54,131 persons since February this year.

This was revealed from the Single Window Clearance Authority meeting held under the Chairmanship of Chief Secretary Asit Tripathy on virtual mode on Tuesday wherein Principal Secretary Hemant Kumar Sharma presented the details for discussion.

While complementing efforts of various stakeholders, Tripathy directed IPICOL to do realistic assessment of the land and water that the industries actually need. He also directed to explore possibilities of advanced technical intervention for harvesting large quantity of rain water and its recycled use.

Deliberating on the new proposals received during the month as presented by Sharma, the meeting gave in principle approval to four investment proposals of worth Rs.464.72 cr envisaging direct employment opportunities for more than 873 persons.

Energy Secretary Nikunja Bihari Dhal assured quality power supply from GRID for the upcoming industries.

The proposals approved in the meeting include Medium Density Fibreboard manufacturing facility with an annual capacity of 72,000 cubic meters to be set up by M/s Galax Industries Private Limited in Malipada of Khurdha district with an investment of Rs.93 cr and direct potential employment opportunities for more than 310 persons.

It also includes a 120 KLPD grain-based distillery unit for manufacturing of Extra-Neutral Alcohol (ENA)/Ethanol and 4 MW cogeneration power plant to be set up in Khurdha and Nayagarh by Globus with an investment of Rs.151.72 cr and employment potential for over 300 persons.

Further, the meeting approved a Pellet Plant of 1.6 MTPA capacity to be set up at Lathikata in Sundargarh by Envirocare Infrasolution Pvt Ltd with investment of Rs.100 cr and employment opportunities for over 195 persons apart from a 4 MTPA Slurry Pipeline project from its proposed Beneficiation Plant at Koira to Pellet plant at Lathikata in Sundergarh district to be laid by M/s. Envirocare Infrasolution Private Limited with investment of Rs. 100 cr, and employment opportunity for more than 68 persons.