Odisha approves six investment proposals worth Rs 493.62cr

Bhubaneswar, May 10: Odisha government has accorded in principle approval to six new investment proposals envisaging investment of Rs 493.62 cr and employment potential for 1,317 persons. The proposals were approved in the State Level Single Window Clearance Authority (SLSWCA) meeting held on digital mode under the Chairmanship of Chief Secretary Suresh Chandra Mahapatra from Lokseba Bhawan today wherein Principal Secretary Industry Hemant Kumar Sharma outlined appropriateness of the projects for Odisha.   Giving in principle approval to the projects, Mahapatra directed concerned departments to make realistic assessment of the required land and water for the approved projects, and facilitate their early grounding. Mahapatra also directed the Tourism department to prepare a Master Plan for tourism development in Chilika lake including potential islands like Solomo.  The projects presented in the meeting today were mainly from steel downstream, food processing, tourism, refractory, and plastic downstream sectors. Presenting the proposals, Principal Secretary Sharma said that these industries would boost up  economic activities in different districts of the State. The approved projects included (i)  Jatia Steel Ltd  for setting up a 2,50,000 TMT Rebar and 2,50,000 MT Wire Rod Mill  in Kalinga Nagar of  Jajpur district with  an investment of Rs 125 crore and employment potential for  over 150 people; (ii) Sarangi Metal Works International Private Limited to set up a steel downstream unit  in Kalinganagar of Jajpur district for production of   Driveline and  Torque Tubes  with  an investment of Rs 65.37crore and  employment potential  for over 568 people; (iii) JRS Ventures Pvt Ltd to set up one  100 KLPD Ethanol Plant along with 2.5 MW Co generations Power Plant in  Sonepur with an investment of Rs 121 crore, and  employment opportunities for over 114 people; (iv) SNM Hotels and Resorts Private Limited to set up a Hotel and Resort facility at  Somolo Island in  Ganjam district with  investment of Rs. 80.25crore and  employment opportunities for over 185 people; (v) Danieli Corus Refractory Solutions Pvt Ltd. to set up a Carbon/Graphite block cutting and machining facility with a capacity of 1500 MT per annum in Khordha district with  investment of Rs 51crore and  employment opportunities for over 150 people; and the proposal of (vi) Ashirvad Pipes Private Limited for setting up 18,000 MTPA capacity HDPE and PVC Pipes manufacturing unit in Tangi of  Cuttack district with investment of Rs. 51 crore envisaging employment potential for 150 people.