Bhubaneswar, Jan 8: While steel & energy majors of the globe queue up to venture in Odisha for its conducive industrial climate, Odisha High-Level Clearance Authority (HLCA) on Thursday approved as many as 7 largescale industries, to come up in the state.
With the green flag of the state, the JSW and GMR are going to venture in the Dhenkanal district soon that will boost growth in the steel and power sector respectively.
The 43rd meeting of the High-Level Clearance Authority (HLCA) held on Thursday approved seven major industrial projects with an investment of Rs 55,783 crore assessing at least having 14507 job opportunities for the youths.
Todays HLCA approval span key sectors including Steel, Rare Earth Manufacturing, Automobiles & Auto-components, Semiconductors, Industrial Gases, Ferroalloys and Power & Renewable Energy.
“Through these investment clearances, we are focusing on different parts of Odisha to make the state strong, Atmanirbhar and ready for Samruddha Odisha by 2036,” said Chief Minister Mohan Charan Majhi while chairing the HLCA meeting.
In the Steel sector, Saffron Resources Pvt Ltd (a JSW Group Company) leads the approvals with a mega investment of Rs 35,000 crore to establish a 6 MTPA steel plant in Dhenkanal. It will generate around 8,000 employment opportunities for the locals.
Similarly, the Jindal Poly Films Limited is coming with an investment of Rs 12,000 crore in Ganjam to set up a 0.5 MTPA Titanium Dioxide Pigment manufacturing unit under the rare earth manufacturing category, creating 4,000 jobs.
Apart from it, a reputed Automobile company will invest Rs 1,697 crore in Ganjam generating 685 employment opportunities.
Similarly,Sancode Semi Pvt Limited will set up an Outsourced Semiconductor Assembly and Testing (OSAT) unit in Khurda with an investment of Rs 1,649.98 crore, creating 570 jobs and reinforcing the state’s emerging semiconductor ecosystem.
