Odisha approves projects worth Rs. 4,804.35 Crore 

On 07 December 2023, in the 125th State Level Single Window Clearance Authority (SLSWCA) meeting, convened under Chief Secretary Pradeep Kumar Jena granted approval for 19 transformative projects amounting to Rs. 4,804.35 crore. 

The proposals approved were: 

Welspun Living Limited is investing Rs. 200.00 crore to establish a Textile Facility in Kendrapada, creating 2,000 jobs in the Apparel & Textiles sector, fostering regional economic growth.

Tata Steel Downstream Products Limited plans to set up a 10,00,000 MT Steel Service Center in Kalinga Nagar, Jajpur, with an anticipated investment of Rs. 735 crore with creation of 335 potential jobs in the Steel Downstream segment.

Indian Metals and Ferro Alloys Limited (IMFA) is investing Rs. 977.43 crore in Jajpur to produce 2,20,000 MT Ferro Chrome and 20 MW WHRB Power, generating 1,190 jobs in the Steel (Ferroalloys) sector.

Jindal Stainless Limited is establishing a stainless-steel service center unit in JSL Stainless Steel Park, Jajpur, with an Rs. 150 crore investment, aiming to create 315 jobs in the Steel industry.

Crackers India Alloys Ltd plans to invest Rs. 101.50 crore in setting up a 52,800 MT Steel Casting mill & Rolling Mill with Ancillary facilities in Barbil, Keonjhar, resulting in 240 jobs in the Steel sector.

EnvirocarInfrasolution Pvt Ltd’s Rs. 100 crore investment in Sundergarh establishes a Mild steel strips and pipes manufacturing unit with a capacity of 2,88,000 TPA each, offering 295 potential jobs in Steel Downstream.

Rungta Paints Private Limited expands its presence in Dhenkanal with a Manufacturing unit for Paints, Allied products & Intermediate. The Rs. 991 crore investment is poised to create 700 jobs in the Paint (Chemical) industry.

Modulus Oleochem and Surfactants Private Limited‘s comprehensive Chemical Manufacturing unit in Baliapal Industrial Estate, Balasore, is a Rs 313.51 crore investment that will boost the Chemicals sector, offering employment for 300 individuals.

Transnova Express India Private Limited invests Rs. 120.39 crore in a Chemical Hub in Khordha, setting up a Bulk Industrial Chemical Storage, Re-packing, and Handling facility, offering 258 potential jobs.

Berger Paints with two of its subsidiary companies making investments in the state. One subsidiary Grow Max India Private Limited, is investing Rs. 54.55 crore in a Manufacturing unit for Plastic Pails, Lids, Bottle & Drum in Khordha, providing employment opportunities for 152 individuals in the Plastics sector.

Another company, Anupam Products Ltd, is setting up an Rs. 51 crore Manufacturing unit for Empty Metal Tin Containers in Khordha, enhancing capabilities in the Packaging/Metal Downstream sector and creating 230 jobs.

Rajshree Polypack Limited and Kesav Plasttech (P) Ltd contribute to the Plastics industry with manufacturing units in Khordha and Rengali Industrial Area, Sambalpur, respectively. The two projects, with a combined investment of Rs. 102.25 crore are expected to generate 554 jobs.

Dhansar Group is initiating a Private Freight Terminal (PFT) under the PM- Gati Shakti Multi Modal Terminal scheme in Sundergarh, with an Rs. 190 crore investment and the potential to generate 160 jobs in Infrastructure.

Kaibalya Logistics Private Limited is investing Rs. 110 crore in a Multi-Modal Inland Container Depot (ICD) in Mahakalapada Block of district Kendrapara, providing infrastructure for food products, Export Processing, and Customs Clearing Facilities, with 480 potential jobs.

Ashirbad Food Processing Private Limited is setting up a fully automated flour mill in Jajpur, with an Rs. 56.35 crore investment, contributing to the Food, Beverage & Allied Sectors and providing 118 potential jobs.

Summa Real Media Private Limited unveils a Rs 226.57 crore IT Infrastructure Complex in Khordha, expected to accommodate 10,000 IT professionals.

Vaswani Steel Pvt Ltd is set to establish a 200 KLPD grain-based Ethanol plant, accompanied by a 5MW Co-gen power plant in Nuapada, contributing significantly to Agro Processing in the Biju Economic Corridor with an investment of Rs. 237.80 crore and generating 150 jobs.

GAIA Neo Energy Private Limited is establishing a Compressed Biogas plant in Dampara, Cuttack, investing Rs. 87.00 crore. This initiative, with an annual capacity of 3,600 MT, will create 76 jobs in the Renewable Energy/Circular Economy sector.

Author: BizNewsOdisha