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Rs 1753.82 Cr Investment Proposals Get Odisha Govt's Nod


16 November 2019

Debashish Maharana


Bhubaneswar: In yet another step forward towards industrialization and creation of employment opportunities, the State government approved six investment proposals envisaging an investment of Rs 1,753.82 crore in the 87th State Level Single Window Clearance Authority (SLSWCA) meeting held at the Lok Seva Bhawan here today.

These proposals will create employment opportunities for 5,566 people, said an official release.

The proposals approved in the meeting are from a variety of sectors — textile & apparel, food processing, metal & metal downstream, plastics and tourism.

The SLSWCA gave its approval to a proposal of M/s Page Industries Ltd, whose flagship brand is "Jockey" to set up a garment manufacturing unit at Khurda, with a total investment of Rs 257.50 crore providing employment to about 3,500 people.

Another proposal of M/s Jay Bharat Spices Pvt Ltd for diversification of its unit with the addition of potato chips/ wafers extruded puffed snack and cold storage facilities at Ramdaspur in the district of Cuttack, with an additional investment of Rs 50.10 crores employing around additional 550 people was approved.

Proposal of M/s Shree Malani Foams Pvt Ltd, makers of the "Centuary" brand mattress, was also approved by the SLSWCA for an additional investment of Rs 10.00 crore for setting up Rebounded Foam block (RBF) unit having 500 TPA capacity at Khurda. It will provide additional employment to around 25 people.

In the Tourism sector, a project by M/s Deo Residency and Resorts Pvt Ltd for expansion of its existing hotel at Baragadia, Kalinga Nagar in the district of Jajpur with an investment of Rs 53.69 Crores, was approved, which will provide employment for 90 people.

In the metal downstream sector, proposal of M/s Indian Metals and Ferro Alloys Limited (IMFA) was approved for setting up a Ferro Chrome unit (96,000 MT per annum) and 10 MW WHRB power plant at Kalinga Nagar, Jajpur with a total investment of Rs 547.19 crores, which will create employment opportunities for 900 people.

Another proposal in the metal sector was approved, namely M/s Shri Jagannath Steel & Power Limited for expansion of its existing 0.1 MTPA Integrated Steel Plant to 0.3 MTPA capacity at Uliburu, Nalda, Barbil in Keonjhar district with a total investment of Rs 835.34 crore providing additional employment of 501 people. 

The meeting was chaired by Chief Secretary Asit Kumar Tripathy.