Principal Secretary Industries Hemant Sharma said that the State Level Single Window Clearance Authority (SLSWCA) on Wednesday approved seven investment proposals worth Rs. 3205 crore in different sectors with potential to provide employment opportunities to 2494 people in the State.
The investment proposals are in the sectors of metal & metal downstream, infrastructure, tourism and cement sectors, said officials.
The approval was given at the 94th SLSWCA meeting chaired by Chief Secretary Asit Kumar Tripathy.
Officials said the proposal of MGM Minerals Limited for expansion of its project by setting up 0.125 MTPA Sponge Iron Plant, 0.6 MTPA Pellet Plant, 0.25 MTPA MS Billets, 0.25 MTPA TMT & Wire Rods and 40 MW Captive Power Plant at Nimdha in Dhenkanal, with an investment of Rs. 801.89 crore and thereby providing employment to about 1215 people.
Another proposal of GM Iron & Steel Company Limited for expansion of its project by setting up 0.8 MTPA Pellet Plant, 0.2379 MTPA DRI plant, 0.195 MTPA Billet, 0.24 MTPA Wire Rod Mill, 0.416 MTPA Slag Cement and 46 MW Captive Power Plant in Dhenkanal, with an investment of Rs. 607.52 crore of capacity and providing employment opportunities for 592 people.
Additionally the proposal of Envirocare Infrasolution for setting up iron ore beneficiation plant of 3.6 MTPA capacity at Koira in Sundergarh, with a total investment of Rs. 60 crore, and employing around additional 175 people.
The SLSWCA also approved a proposal of Hindalco Industries Limited for setting up Flue Gas Desulphurization Plant (FGD) for its existing CPP (6x150 MW) at Lapanga, Sambalpur, with an investment of Rs. 696 crore providing an additional employment opportunities for 50 people.
Likewise, the proposal of Lifeline Multi-ventures to set up a 5-star Hotel in Bhubaneswar with a total investment of Rs. 150.38 crore and providing employment opportunities for 240 people.
The SLSWCA also approved the proposal of JSW Cement (JSW) for expansion of Cement grinding capacity from 1.2 MTPA to 2.4 MTPA at Kalinga Nagar, Duburi, Jajpur, with an investment of Rs. 489.88 crore and providing employment opportunities for 68 people.
In addition the proposal of Jajpur Cements for expansion of Cement grinding capacity from 0.5 MTPA to 1.5 MTPA at Kalinga Nagara, Jajpur, with an investment Rs. 400.00 crore and additional will provide employment opportunities for 154 people.
The officials said that the Industries Department is leaving no stone unturned to ensure world class infrastructure, and business environment to the investors.
It will continue to extend support for the state and country’s economic growth and perform its duties to steadfast growth trajectory of Odisha.
With measures such as these, Odisha looks to strengthen its position, achieve the goals and remain in the position of a leading state in the coming years, with new innovation, infrastructure, dedication, best technology backed by Ease of Doing Business for the investors, they said.