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State Gets Invest Boost


Chief Minister Naveen Patnaik did the ground-breaking for 23 industrial units across various sectors and Inauguration of three industrial projects, worth a total of Rs. 5567.5 crores combined with the employment potential of 9168 peoples in the state i
n the 9th phase of ground-breaking/inauguration of industrial projects.

 
The projects which were inaugurated by the Chief Minister today include: Aditya Birla Renewable is setting up Solar Power Plant for the sector of Power & Renewable Energy with an investment of Rs. 352.5 crore at Harabhanga, Boudh providing employment of 80 peoples.

Jindal Stainless Ltd. is coming up to set up an expansion of cold Rolling Mill on Metal & Metal Downstream with an additional investment of Rs. 265 crore at Kalinganagar, Jajpurwith an employment potential of 550 peoples.

AKM Agro is setting up 30,000 TPA Vegetable Oil Manufacturing unit on food processing with an investment of Rs. 91.5 crore at Industrial Estate, Khurda providing employment of 384 peoples.
 
Besides the above, the event today witnessed a Groundbreaking ceremony of 23 industrial units across various sectors including; Power & Renewable Energy, Metal & Metal Downstream, Food processing, Tourism, Fertilizer, Refinery, Petrochemical, Chemical & Plastics, Pharmaceuticals, Textile & Apparel.
 
The other dignitaries were present at the ceremony, Dibya Shankar Mishra, Minister of Energy, Industries, Micro, Small & Medium Enterprises, Hemant Sharma, Principal Secretary Industries and MSME departments, Sanjay Kumar Singh, CMD IDCO and the representatives of the 26 companies at Kharavela Bhawan in Bhubaneswar.
 
Speaking during the ceremony, Mr. Patnaik said, "Odisha is fast emerging as the manufacturing hub of eastern India and we are working towards developing the state into a manufacturing hub of South Asia. I congratulate all the concerned companies on this milestone and assure everyone of complete facilitation support from the state government. These projects will usher in the next era of industrial growth in the state and will contribute towards the vision of an industrially prosperous Odisha."
 
Captain  DS Mishra, Minister of Energy, Industries, Micro, Small & Medium Enterprises added, “Investments in various sectors in the state has helped to propel industrial development. We have successfully taken several initiatives in different sectors to gain the attention of the stakeholders.”
 
Hemant Sharma, Principal Secretary Industries and MSME departments said, “Odisha is the now one of the most favored investment destination in the country because of many geographical and environmental advantages and has become home to some of the well-known firms in the country”.
 
Odisha has cornered 18 percent of the virgin investments drawn by all states and also edged past Maharashtra as the most attractive destination for investments during H1 or the April-September period of FY20 which is a huge achievement for the State.
 
 
 


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