Home Industry Window Clears 1242 Crore Investment

Window Clears 1242 Crore Investment

Bhubaneswar: State Level Single Window Clearance Authority (SLSWCA) has approved eight industrial projects envisaging the investment of Rs.1242.02 Crore in the metal and metal downstream, IT & ESDM, manufacturing, logistics and tourism sectors.

Chief Secretary Suresh Chandra Mahapatra chaired SLSWCA on virtual mode on 9 February.

These industrial projects will create employment opportunities for 3135 persons in the state.

Chief Secretary Mr.Mahapatra directed the officials to facilitate early grounding and commissioning of the projects. IPICOL was directed to provide necessary handholding support.

Principal Secretary Industry, Hemant Kumar Sharma presented the scrutinized projects with its financial, product and technological details for discussion. The approved projects included the following.

A 30,000 MTPA Atomized Iron Powder plant of SLM Powders with investment of Rs. 67.83 crore to be set up in IDCO Industrial Estate Kulanga of Sundergarh District with potential employment opportunities for over 430 persons.

Manufacturing unit of PET Preforms and Closures (Unit-II) of 24,000 tonnes /annum capacity for the Food & Beverage Industries to be set up by Oricon Enterprises in Khordha with an investment of INR 120 crore, which will generate  employment opportunities for over 110 persons.

Manufacturing unit for production of Solar Panel, Advanced storage batteries like Li-ion Battery, Electronics Products for Energy Management, Electromechanical Components and USB data cable and HDMI cable by Surya International at EMC Park (Info Valley), Khordha with an investment of INR 67.50 crore, with employment potential for over 680 persons.

Logistics Park by Jagannath Industrial and Logistics Parks at Tangi Choudwar in Cuttack with an investment of INR 140 crore and  employment potential of  over 110 persons.

Integrated Heavy Beach Sands Project by IREL IDCOL at Krushnaprasad in Puri with an investment of INR 460 crore and employment potential for over 800 persons.

5-star Hotel-cum-Luxury Resort by Pravat Hospitality in Puri with an investment of Rs.135.69 crore and  potential employment opportunities for over 350 persons.

5-star Luxury Resort by Swosti Premium in Puri with an investment of INR 134 crore and  employment potential for over 310 persons.

4-star Hotel by Hotel Eden Roc in Bhubaneswar with an investment of INR 117 crore and   employment potential for over 345 persons.

 Further Principal Secretary Mr.Sharma appraised that with major reforms, IPICOL has recently submitted the State Reform Action Plan (SRAP) – 2020. 

Odisha has considerably improved the ‘ease of doing business’, through string of reforms.

The reforms calibrated with the government’s policy initiatives, have helped the State attract investments worth of INR 1,20,456.74 Crore in the last one year across the six focused sectors