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Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Odisha

Projects Worth Rs 3,663 Cr Get SLSWCA’s Nod, To Generate Over 13K Jobs

OMMCOM NEWS by OMMCOM NEWS
September 30, 2023
in Odisha

Bhubaneswar: Marking another significant stride in Odisha’s journey towards Odisha’s industrial journey, the State Level Single Window Clearance Authority (SLSWCA) on Saturday cleared 19 projects worth INR 3,663 crore with an employment potential of nearly 13,663 individuals.

The 122nd SLSWCA meeting chaired by Chief Secretary Pradeep Kumar Jena gave its nod to 19 transformative projects across sectors like apparel and textiles, plastics industry, steel, renewable energy, agro and food processing, infrastructure development, biogas and tourism further solidifying the State’s position as a preferred investment destination.

The SLSWCA showcased the state’s commitment to diversifying its industrial landscape across multiple sectors.

Significant endorsements were made in the apparel and textiles sector, further strengthening Odisha’s manufacturing capabilities.

The plastics industry received a boost, emphasizing the State’s focus on modern manufacturing and sustainable materials.

The steel sector, both downstream and primary, witnessed a surge in approvals, highlighting the region’s rich mineral resources and metallurgical expertise.

Renewable energy emerged as a priority, reflecting Odisha’s commitment to sustainable and green energy solutions.

The Agro and Food Processing sectors saw advancements, tapping into the State’s agricultural potential. Infrastructure development, particularly in freight and logistics, was given emphasis, while the tourism sector’s growth was championed to leverage Odisha’s cultural and natural attractions. These sectors spanned across 10 districts indicating a widespread industrial development strategy.

These projects reflect the State’s unwavering commitment to job creation and sustainable development.

The EPIC Group, an apparel manufacturer based in Hong Kong renowned for serving some of the world’s leading brands, is poised to bolster foreign direct investment (FDI) in Odisha. Trimetro Garments India Pvt. Ltd. a subsidiary of the EPIC Group, is planning to invest INR 376.85 crore in the establishment of its apparel manufacturing facility, consequently generating employment for 7,050 individuals in Khordha.

Time Technoplast Limited and Oricon Enterprise Limited are set to enhance the plastic sector with their manufacturing units in Khordha, with investments of INR 57.00 crore and INR 90.00 crore respectively.

The steel sector has experienced significant growth due to investments from several companies, including Nezone Steel Utkal LLP, Advance Steel Tubes Limited, Nirmal Steels Private Limited, Rungta Mines Limited, Ferro Tech India Private Limited, and Super Sonic Logistics Private Limited. Collectively, these companies have invested over INR 2,000 crore in regions such as Kalinganagar, Dhenkanal, and Sundargarh. Notably, Nezone Steel Utkal LLP is expanding its manufacturing capacity with the establishment of their second unit.

In the renewable energy sector, Mahanadi Coalfields Limited (MCL), and Odisha Power Generation Corporation Limited (OPGCL) are launching solar power plants with investments of INR 297.61 crore and INR 215.00 crore respectively.

The Agro and Food Processing sectors are poised to benefit from its homegrown companies, such as Pragati Milk Products Pvt. Ltd’s ice-cream and baked product manufacturing plant in Chandanpur and Coastal Biotech Private Limited’s modern rice mill in Paralakhemundi.

Infrastructure development gets a boost with projects like Koli Commercial LLP and Vimla Infrastructure (India) Pvt Ltd, both establishing Private Freight Terminals under the Gati Shakti Multi-Modal Terminal scheme.

Krupalu Kunja is setting up a Compressed Bio Gas and fermented organic manure plant in Jajpur with annual capacity 46,000 MT with an investment of INR 73.25 crores and an employment potential of 138.

Odisha’s tourism sector is set to shine brighter with Mayfair Hotels & Resorts Ltd’s Convention Centre in Paradeep, Jagatsinghpur, which is expanding its capacity by 20 rooms.

These projects, spanning diverse sectors from apparel to renewable energy, underscore Odisha’s multifaceted growth strategy. As these ventures inch closer to realization, Odisha continues its ascent as a beacon of industrial growth and innovation.

Odisha today stands at the cusp of an industrial resurgence, blending traditional resource advantage with modern innovations.

The State’s strategic vision, coupled with its commitment to sustainable and inclusive growth, is not only attracting national and global investors but also setting a benchmark for holistic development. As these projects unfold, they will undoubtedly catalyze Odisha’s journey towards becoming a powerhouse of industrial prowess and economic prosperity.

The future beckons with promise and Odisha is leading the way with the clarion call of “Come, Join the Juggernaut”.

The details of the projects approved by the SLSWCA are as follows:

S.No Project Name Project Description Project Cost   

(Rs in Cr)

Employment (Potential) Sector Location
1 Trimetro Garments India Pvt. Ltd. (EPIC Group Company) Apparel manufacturing facility 376.85 7,050 Apparel & Textiles Khurdha
2 Time Technoplast Limited Manufacturing unit of Extrusion Articles PipesFilms Comp Cylinders, Injection moulded Crates pails Pallets & Blow Molded Drum IBC Containers with annual capacity of 6,500 MT 57.00 325 Plastic Khurdha
3 Oricon Enterprise Limited Manufacturing unit of Pet Preform & Plastic Closure with annual capacity of 18,000 MT 90.00 214 Plastic Khurdha Industrial Estate
4 Nezone Steel Utkal LLP 60,000 MT CR Precision Pipes and 1,50,000 MT Black and HRPO (Hot rolled pickled and oiled steel) 275.00 265 Steel (Downstream) Kalinga Nagar, Jajpur
5 Advance Steel Tubes Limited 100,000 MT steel pipes manufacturing unit 51.00 160 Steel (Downstream) Kalinga Nagar, Jajpur
6 Nirmal Steels Private Limited a 4,80,000 MT hot rolled products of steel manufacturing facility 450.08 500 Steel Kalinga Nagar, Jajpur
7 Rungta Mines Ltd Expansion of its Ferro Alloy plant from 0.055 MTPA to 0.293 MTPA along with 3 MTPA Coal Washery and 150 MW CPP 950.00 1,200 Steel (Ferro Alloys) Dhenkanal
8 Ferro Tech India Private Limited 1,25,000 MT ERW Pipes manufacturing unit 170.00 800 Steel (Downstream) Sundergarh
9 Pragati Milk Products Pvt. Ltd. manufacturing plant for ice-cream & baked products 61.82 1,045 Food, Beverage & Allied Sectors Chandanpur, Tangi-Choudwar, Cuttack
10 Agape Marine Products Private Limited shrimp processing unit with annual capacity of 9360 MT 51.24 350 Food, Beverage & Allied Sectors Seafood Park, Deras, Khordha
11 Mahanadi Coalfields Limited (MCL) 50 MW (AC)/ 75 MW (DC) Ground Mounted Solar Power plant (CPP) 297.61 40 Power & Renewable Energy Balangir
12 Odisha Power Generation Corporation Limited (OPGCL) 50 MW (AC)/ 61 MW (DC) Ground Mounted Captive Solar Power plant 215.00 120 Power & Renewable Energy Jharsuguda
13 Koli Commercial LLP PFT (Private Freight Terminal) under Gati Shakti Multi Modal Terminal scheme 61.83 255 Infrastructure Sundergarh
14 Vimla Infrastructure (India) Pvt Ltd PFT (Private Freight Terminal) under Gati Shakti Multi Modal Terminal scheme 70.32 380 Infrastructure Sundergarh
15 Nirbhaya Green Product Private Limited Maize processing unit 205.00 300 Agro& Food Processing IDCO Industrial Area near Komna,Nuapada
16 Coastal Biotech Private Limited Modern rice mill (Backward Integration for their ethanol project) 51.12 185 Agro& Food Processing Paralakhemundi, Gajapati
17 Krupalu Kunja Compressed Bio Gas & Fermented organic manure plant with annual capacity 46,000 MT 73.25 138 Chemical/ Renewable Energy Jajpur
18 Mayfair Hotels & Resorts Ltd Convention Centre along with 20 Guest Rooms 51.25 120 Tourism Jagatsinghpur
19 Super Sonic Logistics Private Limited Steel processing unit 105.00 216 Steel Downstream Kalinga Nagar, Jajpur
  Total 3,663 13,663

 

 

Tags: Chief Secretary Pradeep Kumar JenaState Level Single Window Clearance Authority (SLSWCA)
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