The Odisha government has approved six investment proposals with an investment to the tune of Rs 1,753.82 crore across various sectors. These projects will create employment opportunities for 5,566 people.
The six investment projects in textile, food processing, plastics, tourism, steel and downstream sectors were approved on 16 November 2019 at the State Level Single Window Clearance Authority (SLSWCA) meeting, chaired by Chief Secretary A K Tripathy.
The proposal of Indian Metals and Ferro Alloys (IMFA) was approved for setting up a ferro chrome unit and 10 MW waste heat recovery boilers (WHRB) power plant at Kalinga Nagar, Jajpur with a total investment of Rs 547.19 crore. The project will create job opportunities for 900 people.
Another proposal in the metal sector was by Shri Jagannath Steel and Power. The project involves expansion of its existing 0.1 million tpa integrated steel plant in Keonjhar district to 0.3 million tpa capacity at an investment of Rs 835.34 crore. The project will provide employment to 501 people.
A proposal of Jay Bharat Spices for diversification of its production and cold storage facilities at Ramdaspur in Cuttack with additional investment of Rs 50.10 crore also received a go-ahead from authority. The project will create additional employment to 550 people.
Clearance was also accorded to Page Industries to set up a garment manufacturing unit at Khurd. An investment of Rs 257.50 cr will be made towards the project. It will provide jobs for around 3,500 people.
Apart from this, the SLSWCA accorded approval to the proposal of Shree Malani Foams for additional investment of Rs 10 crore. The company has proposed to set up a unit having 500 tpa capacity at Khurda.
The proposal of Deo Residency and Resorts for expansion of its existing hotel at Baragadia, Kalinga Nagar in Jajpur district, at an investment of Rs 53.69 crore, was also sanctioned by the authority.
