Six investment proposals of worth Rs. 493 Cr get approval of Odisha Govt

Bhubaneswar: In another move towards creation of new employment opportunities through industrialization, Government have accorded in principle approval to six new investment proposals envisaging investment of Rs. 493.62 cr and employment potential for 1,317 persons.

The proposals were approved in the State Level Single Window Clearance Authority (SLSWCA) meeting held on digital mode under the Chairmanship of Chief Secretary Sri Suresh Chandra Mahapatra from Lokseba Bhawan today wherein Principal Secretary Industry Sri Hemant Kumar Sharma outlined appropriateness of the projects for Odisha.

Giving in principle approval to the projects, Chief Secretary Sri Mahapatra directed concerned departments to make realistic assessment of the required land and water for the approved projects, and facilitate their early grounding. Sri Mahapatra also directed the Tourism department to prepare a Master Plan for tourism development in Chilika lake including potential islands like Solomo.

The projects presented in the meeting today were mainly from steel downstream, food processing, tourism, refractory, and plastic downstream sectors. Presenting the proposals, Principal Secretary Sri Sharma said that these industries would boost up economic activities in different districts of the State.

The approved projects included

(i) Jatia Steel Ltd for setting up a 2,50,000 TMT Rebar and 2,50,000 MT Wire Rod Mill in Kalinga Nagar of Jajpur district with an investment of Rs 125 crore and employment potential for over 150 people

(ii) Sarangi Metal Works International Private Limited to set up a steel downstream unit in Kalinganagar of Jajpur district for production of Driveline and Torque Tubes with an investment of Rs 65.37crore and employment potential for over 568 people

(iii) JRS Ventures Pvt Ltd to set up one 100 KLPD Ethanol Plant along with 2.5 MW Co generations Power Plant in Sonepur with an investment of Rs 121 crore, and employment opportunities for over 114 people

(iv) SNM Hotels and Resorts Private Limited to set up a Hotel and Resort facility at Somolo Island in Ganjam district with investment of Rs. 80.25crore and employment opportunities for over 185 people

(v) Danieli Corus Refractory Solutions Pvt Ltd. to set up a Carbon/Graphite block cutting and machining facility with a capacity of 1500 MT per annum in Khordha district with investment of Rs 51crore and employment opportunities for over 150 people; and the proposal of

(vi) Ashirvad Pipes Private Limited for setting up 18,000 MTPA capacity HDPE and PVC Pipes manufacturing unit in Tangi of Cuttack district with investment of Rs. 51 crore envisaging employment potential for 150 people.

Development Commissioner Sri Pardeep Kumar Jena, Additional Chief Secretary Forest and Environment Dr Mona Sharma, Additional Chief Secretary Revenue and Disaster Management Sri Satyabrata Sahu, Additional Chief Secretary Water Resources Smt Anu Garg, Principal Secretary Industry Sri Hemant Kumar Sharma, Principal Secretary Tourism Sri Surendra Kumar, Principal Secretary Energy Sri Nikunjabiharee Dhal, Principal Secretary Steel and Mines Sri Deo Ranjan Kumar Singh, Principal Secretary Panchayati Raj and Drinking water Sri Ashok Kumar Meena, MD IPICOL Sri Bhupinder Singh Poonia along with Principal Secretaries, Secretaries and senior officers of the concerned departments participated in the discussions.