Bhubaneswar: State Level Single Window Clearance Authority (SLSWCA) of the Odisha government today approved 25 industrial projects with a cumulative investment of INR 5,827.27cr, and expected employment generation for over 25000 people.
The 115th meeting of the SLSWCA chaired by Chief Secretary Pradeep Kumar Jena also recommended 3 large projects of an investment value of approx. Rs 28,000 Cr and employment opportunities for around 19,000 people, to the High-Level Clearance Authority (HLCA).
Out of the multiple investment intents garnered during the MIO Conclave 2022, 16 projects were put up for approval in today’s meeting.
With grit, determination and hard work, the state government is ensuring that they transform the garnered investments into ground reality as seamlessly as possible.
The Government of Odisha is actively encouraging investors to invest in the state and reap marvellous results from them.
The state has received massive investments intents spanning sectors like infrastructure, food processing, tourism, IT infrastructure, IT & ESDM, pharmaceutical, plastic, chemical and petrochemical, steel, textile, apparel and technical textile and many more.
The approved projects are set to be set up in various districts of Odisha like Khurdha, Cuttack, Jajpur, Jagatsinghpur, Mayurbhanj, Sundergarh& Bhadrak etc.
The SLSWCA approved 3 projects in the plastic sector, which reflect a total investment of INR 392.10cr and are jointly expected to provide employment opportunities to 664 people in the state. Shri Maa Packaging Ltd, Chemco Plastic Industries Pvt. Ltd. and Cool Caps Industries Ltd. are set to come up with their respective units at Malipada, Khordha.
A total of 8 projects received a nod in the steel segment, including 3 projects in the steel downstream segment and 2 projects in the steel, ferro alloys segment.
The 8 projects are estimated to provide employment opportunities to over 3000 people in the state.
While 3 of the units are set to come up at Kalinga Nagar, the rest of them will be set up in various other parts of the state like Mandiakudar, Bonai, Lathikata, Rairangpur and Jamda Block. A total of INR 2418.49 cr has been invested by these 8 organizations from the steel sector.
In the food processing segment, 3 projects got approval from the state’s SLSWCA. While Dodla Dairy Limited and one unit of Krupalu Kunja are set to establish their dairy products manufacturing units at Jagatsinghpur and Dhanpur, Block-Korei respectively, another unit of Krupalu Kunja is set to put up a modern rice mill at Tajpur, under Korei block. In total, the segment witnessed an investment of INR 164.99 cr and is expected to generate 491 employment opportunities.
Musaddilal Projects Private Limited (Scalar) and SGBL Infosystems Private Limited are the two projects which got approved in the infrastructure segment in SLSWCA’s 115th meeting.
With a total investment of INR 213 cr, the projects are jointly expected to generate 6340 employment opportunities. Both projects are to be set up in Cuttack.
SNM Hotels and Resorts Private Limited is all set to establish its hotel and resort facility at Sahukhanata, Tahasil- Gop in the district of Puri.
While the organization invested a total amount of INR 80.62 cr in the state, it is expected to provide employment opportunities to more than 150 people in the state.
In the IT & ESDM segment, the body approved 2 projects with a cumulative investment of INR 203.71 cr. While D N Homes Pvt Ltd will come up with its data centre facility and IT infrastructure with modern amenities at Info Valley –II, in Khordha district, NMDC Data Center Pvt Ltd will set up its data centre facility which will offer co-location managed cloud hosting services at EMC Park (Info valley).
In the IT & ESDM/ green energy equipment sector Ampin Solar Private Limited got approval to set up its manufacturing facility of solar cells and modules at EMC Park (Info valley)
With a total investment of INR 95.96 cr, Royale Hotels Private Limited will set up an IT park at Khurda.
In the pharmaceutical segment, SLSWCA gave a nod to Tropic Resources Private Limited which is expected to set up an IV Infusion and a Mineral Water Plant at Rourkela, Sundargarh.
On the other hand, DryChem India Pvt. Ltd invested an amount of INR 57.50 to set up a manufacturing facility for gypsum plaster and gypsum Board, RMP tile adhesive and wall putty at Dhamra, Bhadrakh.
In the textile, apparel and technical textile sector, Shahi Exports Private Limited Odisha-3 (New Unit)received a nod and is set to come up with its readymade garments unit at Khurdha. With an investment of INR 250 cr, this project is expected to provide employment opportunities to 10,000 people of the state.
In the chemical and petrochemical segment, NgazParadeep Private Limited has received an approval to set up its refrigerated propane and butane (LPG) storage terminal of 2 MTPA capacity at Paradip, Jagatsinghpur. With an investment of INR 900 cr, the project is expected to generate 600 employment opportunities.
The Government of Odisha has always welcomed industrialists with open arms and has encouraged businesses to invest in the state. Owing to the availability of a host of natural resources, Odisha is constantly proving itself to be one of the most ideal states for investment.
Additionally, the state government is actively ensuring that they work on every single project individually and transform the investment intent received into ground reality. Alongside every other factor which firms the position of Odisha as an ideal location for businesses, the state government’s friendly policies and responsiveness add further to the credibility and ensure a hassle-free procedure for investors.
