Bhubaneswar: Within just two months of completion of Make in Odisha Conclave, the High Level Clearance Authority (HLCA) led by Chief Minister Naveen Patnaik on Thursday approved 9 mega industrial projects worth Rs 1,53,074.63 crores that would generate over 27,030 employment opportunities for the people of Odisha.
The organizations who had participated at MIO Conclave 2022 and showed investment intent in the state realized the same with the HLCA committee approving 9 such industrial projects worth INR 1,53,074.63 crores that would generate over 27,030 employment opportunities for the people of Odisha.
These projects were proposed during the last MIO Conclave. The State government is working hard towards converting the investment intents into ground reality, an official said.
The approved projects spread across diverse sectors like green energy and equipment, metals and minerals, paper and IT infrastructure. The projects will be set up across various parts of the State namely, Balasore, Dhenkanal, Ganjam, Jagatsinghpur, Kalahandi, Khordha, Koraput, and Mayurbhanj.
The HLCA has given a go-ahead to 4 projects in the Green Energy and Equipment sector, 2 projects in the paper industries, 2 projects in the Metals & Minerals sector and one project in the IT infrastructure sector.
The Committee approved the proposal of ACME Clean Energy Private Limited, entailing an investment of Rs 58,209.13 crore. It proposes to set up a Green Hydrogen plant and a Green Ammonia plant with a capacity of 1.1 million MT, at Kujanga, Jagatsinghpur and captive Renewable Energy Unit (4500 MW Solar Power Plant) at Koraput & Kalahandi district. It is expected to provide employment opportunities to about 3,400 people in the State.
The State has also approved the proposal of Avaada Green H2 Private Limited at Ganjam district, which promises an investment of Rs 23,500 crores and is expected to provide employment opportunities to about 1,500 people in the State.
Alongside these two Green Energy and Equipment sector projects, HLCA approved two other projects in the Green Energy & Equipment sector namely Renew EFuels Private Limited (REFPL) with an investment of Rs 20,000 crore and Ocior Energy Private Limited 0f Rs 7,200 crore which aim to provide employment to more than 3,300 people of Odisha in total.
While REFPL intends to set up a Green Ammonia Plant with a capacity of 1.09 million MT, the Ocior Energy Private Limited proposal includes installation of Green Ammonia Plant of 1million MT capacity.
In the Paper sector, the Committee gave a nod to two projects, namely Bank Note Paper Mill India Private Limited and Deevyashakti India Private Limited. With an investment of Rs 2,500 crore, the Bank Note Paper Mill India Private Limited, (JV between Govt. of India and RBI) proposes to set up a bank note paper unit at Balasore, which will provide employment opportunities to more than 800 people of Odisha.
On the other hand, Deevyashakti India Private Limited proposes to set up an Integrated Pulp and Paper Mill at Dhenkanal, which includes an investment worth Rs 1,000 crore, is expected to furnish employment opportunities to around 3000 people of the state.
In terms of the Metals & Minerals sector, the authority approved two large projects which are expected to provide employment to a total of around 12,500 people of Odisha. The proposal of ArcelorMittal Nippon Steel India Ltd includes the setting up of 7 MTPA Steel Plant in Jagatsinghpur with an investment of Rs 38,000 crore, and is expected to churn employment opportunities for more than 11,000 people in the State.
The second project in the sector, from Rungta Metals Private Limited (RMPL) is for the expansion of its Integrated Steel Plant from 0.5 MTPA to 1 MTPA in Rairangpur of Mayurbhanj district with an investment of Rs 1,140 crore.
In the IT & Infrastructure sector, the proposal by My Home Constructions Private Limited has been approved by HLCA, which involves the development of IT infrastructure with modern amenities at Bhubaneswar, in Khordha. With an investment of Rs 1,525.50 crores, the project is expected to provide employment opportunities to 2500 people.