Home Industry Window Clears 1.6K Cr Projects

Window Clears 1.6K Cr Projects

Bhubaneswar: Hemant Sharma, Principal Secretary Industries said that the State Level Single Window Clearance Authority (SLSWCA) has accorded in principle approval to four industrial projects envisaging investment of around Rs.1,637.41 crore and direct employment opportunities for 1,116 persons.

SLSWCA meeting held on 11 June under the Chairmanship of Chief Secretary Suresh Chandra Mahapatra.

Besides, the projects will create many more indirect employment opportunities and will enhance economic activities in different parts of the State, said Mr.Sharma.

Presenting details of the investment proposals, Principal Secretary Industry Mr. Sharma said the proposals are mainly from the sectors like downstream manufacturing, metal, and power sector.

The proposers are well known industrial houses and their coming in will provide further fillip to the sectors, he said.

MD IPICOL Nitin Bhanudas Jawale presented project wise details for discussion.

Giving in principle approval to the projects the Chief Secretary directed IPICOL to do realistic assessment of the land and water requirement for the projects on the basis of scientific parameters for optimum utilization of these resources.

He also directed Industry department to encourage the upcoming units for sourcing power from Grid instead of setting up separate captive power plants. Sourcing of power from the Grid would be both economic and pollution saving. Concerned departments were asked to facilitate early grounding of the projects through proactive support.

The approved projects included the expansion of Tata Steel ’s Iron ore Beneficiation plant from 12 MMTPA to 17.6 MMTPA with an investment of Rs 946 crore to be set up in Joda in  Keonjhar district with employment opportunities for over 803 persons.

A 50 MW solar PV power generation plant by  Mahanadi Coalfields Limited (MCL) against an investment of Rs 254.71 crore to be set up in Boudh, with employment potential for over 36 persons.

A railway wagon manufacturing plant having capacity of 1,500 Wagon per annum along with 0.394 MMTPA Electric Arc Furnace (EAF), 0.1 MMTPA HR Mill, 0.1 MMTPA CR Mill and 0.5 MMTPA Railway Siding plant by Shyam Metalics and Energy Limited with an investment of INR 381.60 crore to be set up in Hirakud with employment opportunities for over 115 persons.

An oxygen cylinder manufacturing plant with capacity of 10,80,000 cylinders per annum by  Shyam Metalics and Energy Limited against an investment of Rs 55.10 crore to be set up in Rengali Industrial Estate,  Sambalpur, with potential employment potential for over 162 persons.

The IPICOL Managing Director said, because of the improved ‘ease of doing business’ and facilitating promotional policies of State Government, major investors are now considering Odisha as a flourishing destination of investment.