Bhubaneswar: The State Level Single Window Clearance Authority (SLSWCA) led by Chief Secretary Pradeep Kumar Jena today approved 8 industrial projects with a cumulative investment of Rs 1250 crores. These projects are expected to create employment opportunities for 3640 persons.
The progressive vision of the Government of Odisha continues to bear fruit as it forges ahead in converting investment intentions into concrete realities. The successful approval of these diverse projects underscores the State’s determination to retain and improve its stature as the second most sought-after investment destination among states in attracting ongoing investments in FY 2023-24.
In the Apparel & Textiles sector, B K International has been sanctioned to establish a manufacturing unit for socks, projected to bring in an investment of Rs 52 crores and generate employment for 800 individuals.
Mamta Fabrics readymade garments manufacturing unit will be set up with an investment of Rs 50 crores and is anticipated to offer employment opportunities to 2,000 individuals in Khurda district.
In the steel (downstream) sector, a reputed manufacturer will set up a cutting-edge manufacturing unit for producing 1,80,000 of steel doors and windows along with other products, earmarking an investment of Rs 147.64 crore and creating job prospects for 150 people.
Nezone Tubes Utkal plans to expand its existing facility by establishing a manufacturing unit for 1,60,000 MT pipes and tubes, entailing an investment of Rs 105 crores and providing employment for 50 individuals at Kalinga Nagar.
The mining and metallurgy sector in Odisha receives a further boost with the approval of Vedanta’s 4.5 MTPA Iron ore Beneficiation Plant. This project, estimated at an investment of Rs 80 crores, is expected to provide employment to 152 people and enhance the State’s capabilities in steel beneficiation, located at Koida in Sundergarh district.
The Agro Processing industry further flourishes in Odisha with three key projects receiving the green light for production of grain-based ethanol, with a combined investment of approximately Rs. 810 Crore, generating employment for around 500 people, in Western Odisha along the Biju Economic Corridor.
The Government of Odisha’s commendable efforts in attracting investments and fostering a conducive business environment continues to make it an attractive destination for industries seeking to establish a foothold in Eastern India.
