18K CR Projects Cleared

 In a boost to employment generation and industrialization, State Government has approved three major investment proposals worth Rs17,833 crore.

This investment will spur a potential to create 6,539 new jobs as part of efforts to boost industrialization and propel employment opportunities.

Chief Minister Naveen Patnaik chaired the High-Level Clearance Authority (HLCA) meeting, which approved proposals of core sectors of steel, aluminum and power.

Among the projects approved by the HLCA was a proposal of HINDALCO Industries Ltd for setting up a two million ton per annum (MTPA) alumina refinery unit at Kansariguda in Rayagada district with a total investment of Rs 8,000 crore, said Hemant Sharma, Principal Secretary Industries and MSME.

The proposed unit will have the potential to provide employment to about 4,250 people, Mr.Sharma said.

HLCA also approved a proposal of NTPC for expansion of thermal power plant capacity  of Talcher Thermal Power Station located at Talcher in Angul district with an additional investment of Rs 7698.46 crore.

The proposal of Rungta Mines Limited (RML) to expand its Integrated Steel Plant from 0.27 MTPA to 0.9 MTPA capacity at Kamanda in Sundargarh district with a total investment of Rs 2,135 crore was also cleared by the HLCA.

The proposed expansion is expected to provide additional employment of 2,289 people, he said.

Chief Minister Mr.Patnaik also took stock of the follow up of investment intents received during the Make in Odisha (MIO) conclaves held in 2016 and 2018.               

The Make in Odisha Conclaves held in 2016 and 2018 have been able to attract huge investments to the tune of Rs 5 lakh crore and immense employment opportunities, he said.

It was noted that Odisha has seen diversified industrial development in the recent years with grounding of projects in textile and apparel, chemical and petrochemicals, tourism and food processing sectors.

Principal Secretary of Industries & MSME Mr. Sharma also presented a Roadmap for MIO 2020 which included outreach activities, industrial infrastructure development and policy interventions.

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