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Odisha Turns ‘Destination Of Choice’

Bhubaneswar: Chief Minister Naveen Patnaik Monday said that Odisha is fast emerging as the ‘Manufacturing Hub of Eastern India’ and focusing on 5T — Transparency, Technology, Teamwork, Time, and Transformation.

The State Government is putting continuous efforts in making Odisha the “Destination of Choice” for investors, he said while inaugurating two industrial projects and performing the ground-breaking for 11 others projects worth over Rs 2359.29 crore here.

“The 13 projects for which groundbreaking and inauguration have been undertaken today are spread over nine districts. Even in these difficult times amid the onslaught of COVID-19, the state has attracted major investments and continues to enjoy the trust of investors,” the CM said

He noted that the state has always endeavoured to provide a “hassle-free and smooth business environment” for investors in Odisha.

“Today’s event, where we launched new industrial projects of diverse sectors — ranging from cement, food processing, tourism to logistics — is proof that our efforts in attracting investments have borne fruit,” Mr.Patnaik said.

This has created an industry-led ecosystem of value addition, sustainable employment generation and revenue augmentation in the State, he asserted.   

Mr.Patnaik said it is heartening to see the efforts being put in by the friends in Corporate India as well as the officers of State Government in ensuring that while the fight with Covid-19 is on one hand, efforts also continue to build a more industrially prosperous Odisha.

He complimented all the companies that participated in the ceremony.

Minister of Energy, Industries, MSME said that the Government has taken many steps to facilitate industrial investments and introduced several initiatives to attract employment-intensive sectors.

“Odisha is a pro-industrial State and our government is committed to the growth of the manufacturing sector. We aim to make Odisha a manufacturing powerhouse. In order to realize this goal, our government is focusing on mega investments in new age sectors, offering increased incentives, over and above the benefits offered by the PLI scheme of Govt of India,” he said.

Highlighting the efforts to improve the Ease of doing business, he said, with several initiatives the state government is ensuring time-bound and fast commissioning of the industrial projects.

The projects include a logistic park, 3-ethanol plants, a steel expansion project, a cement manufacturing unit and a 5-star resort among others.

These diversified and employment-intensive projects will create potential employment for over 3,200 persons in the State, he said.

Some of the leading companies promoting these projects include Tata Steel, Prachi Resorts, Swosti Premium, Greentech Bio-Energy and Coastal Biotech.

 The projects that were inaugurated were a cement grinding unit of 1.5 million metric tons per annum at KNIC Jajpur by Jajpur Cement at an investment of Rs 400 crore and prospects of generating employment opportunities for over 214 persons and a Bio-degradable tableware manufacturing unit at Growth Centre Ph-II, Balangir by Swosti Ecowares at an investment of Rs 9.03 crore that will generate potential employment opportunities for over 49 persons.

The projects for which ground-breaking was done are an expansion project of Tata Steel of its iron ore beneficiation plant from 12 MMTPA to 17.6 MMTPA at Joda in Keonjhar district at an investment of Rs 946 crore with prospect of generating employment opportunities for over 803 persons; a 200 KLPD Ethanol along with 5 MW Co generations plant at Salna, Bargarh by Greentech Bioenergy LLP at an investment of Rs 250 crore and potential to generate 202 employment opportunities; a grain-based distillery unit of capacity 200 KLPD for manufacturing of Ethanol along with 6.00 MW co-generation power plant at Jharsuguda by Energy Intro Private Limited at an investment of Rs 205 crore, which will generate potential employment opportunities for over 196 persons; another 100 KLPD grain-based ethanol plant along with Compressed Biogas(CBG) plant of 12 TPD capacity and 2.20 MW Co-gen power plant at Bantala, Angul by Newalt Energy Private Limited at an investment of Rs 125 crore, which will generate potential employment opportunities for over 650 persons.

And a grand 5-star Resort named “Swosti Premium Beach Resorts” at Puril by Swosti Premium at an investment of Rs 134 crore, which will generate potential employment opportunities for over 310 persons.

The other projects for which the ground breaking was done includes a 4-star hotel Prachi Resorts Private Limited at Bhubaneswar, Khordha by Prachi Resorts at an investment of Rs 63.30 crore, which will generate potential employment opportunities for over 85 person.

A 9 KM Iron Ore Pipe Conveying System of capacity 3 MTPA at Barbil in Keonjhar district by GV Mines Minerals & Metals at an investment of INR 104.48 crore, which will generate potential employment opportunities for over 238 persons; a logistic park at Giringaput, Khordha by Chalah Infratech at an investment of Rs 99.80 crore, which will generate potential employment opportunities for over 234 persons and a a packaged foods and spices at Ramdaspur in Cuttack district by Bisweswar Food at an investment of Rs 10 crore, which will generate potential employment opportunities for over 161 persons.

 The Chief Minister also performed the ground breaking for a manufacturing unit for electrical sensors for steel industries at Chattabar in Khordha area by Measurex Global at an investment of Rs 9.70 crore, that will generate potential employment opportunities for over 56 persons and a manufacturing Of self adhesive BOPP tape at Chattabar in Khordha area by Sai Prateek Industries at an investment of Rs 2.98 crore that will generate potential employment opportunities for over 32 persons.

With such massive investments across the state, Odisha looks to strengthen its position, achieve its goals and remain in the position of a leading state in the coming years, with new innovation, infrastructure, dedication, and best technology backed by Ease of Doing Business for the investors.

Chief Secretary Suresh Chandra Mahapatra, Development Commissioner PK Jena, Secretary to CM (5-T) VK Pandian, Principal Secretary Industries Hemant Sharma and Principal Secretaries and Secretaries of different departments were also present on the occasion.

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