Odisha Approves 12 Investment Proposal Worth Rs. 2071 Cr
Bhubaneswar, March 28: The Odisha government has in principle approved 12 investment projects envisaging an investment of around Rs. 2071 crore. With this, the state-level single window clearance authority clearance (SLSWA) had approved other 28 projects worth Rs. 3770.10 crore within the last 110 days.
As such, The SLSWCA committee under the Chairmanship of Chief Secretary Suresh Mahapatra had approved total 40 investment projects worth Rs. 5841.40 crore Presenting financial and technical details of the investment proposals, Principal Secretary Industry Hemant Kumar Sharma said that the projects were employment-intensive and were from the sectors like tourism, hospitality, food processing, manufacturing, feed production for live-stock, steel, downstream, logistic park, and iron ore beneficiation.
Sharma said such industries would affect the macro and micro level economies of the State. While giving in-principle approval to these projects, the directed state-owned IPICOL to make a realistic assessment of the land and water requirements as per the benchmark set against different types of industries. He also stressed an expeditious completion of the construction, and directed that the industries should employ the youths ‘skilled in Odisha’.
The approved projects included the proposal of Swosti Premium to set up Gopalpur Palm Resort in Ganjam district with an investment of Rs. 95 crore, Pushpam Realty to set up a Resort and Spa facility in Puri district against an investment of Rs. 67.27 crore Ashirbad Engineering and Construction Private Limited to set up a 5-Star Hotel in Khordha district envisaging an investment of Rs. 59.33 crore. Shree Metaliks Ltd got the approval to set up an Iron ore beneficiation and Pellet making Plant in Keonjhar district with investment of 650 crore while Siddhiridhi International Pvt Ltd would set up a Billet and Pellet plant in Keonjhar district with an investment of Rs. 308 crore.
The Panchawati Steels received the approval to set up a Sponge iron and steel billet plant in Keonjhar district with an investment of Rs. 203 crore, and the J.K. Biotech Limited for the establishment of grain-based ethanol and power plant in Cuttack district with an investment of Rs. 215 crore. The SLSWA also cleared the proposal of the LMB Conglomerate Pvt Ltd to set up an Ethanol plant in the Sundargarh district with an investment of Rs. 148 crore and Rourkela Sponge LLP to set up an Ethanol plant in Sundargarh district with an investment of Rs. 135 crore. The other investment projects that got the approval are Utkal Feeds Pvt Ltd to set up Hatchery, Breeder Parent Unit and Egg layer unit in Khordha and Dhenkanal districts with an investment of Rs. 54.17 crore, Spino Paper and Boards Pvt Ltd to set up a Kraft paper and Duplex board manufacturing unit in Cuttack district with an investment of Rs. 56.17 crore. The proposal of Hindustan Aqua Pvt Ltd to set up a Logistic Park with Cold Chain, food court, retail facility and entertainment Centre in Puri district with an investment of Rs 80 crore was also cleared by the authority.
