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Bhubaneswar, Oct 29: The Odisha government has approved 22 industrial investment proposals worth ₹3,855.38 crore, with the potential to generate 7,296 employment opportunities.
The proposals were approved at the 151st State Level Single Window Clearance Authority (SLSWCA) meeting, chaired by Chief Secretary Anu Garg.
The approved projects span 11 sectors- tourism, biofuel, manufacturing, aerospace and defence, chemicals and petrochemicals, infrastructure, plastics, pharmaceuticals, global competency centres, steel (downstream), and paper (packaging).
The projects would be set up in 12 districts-Angul, Balasore, Bhadrak, Cuttack, Ganjam, Jajpur, Jharsuguda, Khordha, Nayagarh, Puri, Sambalpur and Sundargarh.
Key approved projects
Paper, Packaging and Plastics
The paper, packaging and plastics sectors account for two significant proposed investments, together worth ₹1,029.91 crore, with an employment potential of 1,960.
Alisha Torrent Closures (India) Private Limited will invest ₹529.91 crore in Nayagada to manufacture caps and closures for bottled beverages, with the potential to generate 250 jobs. The project adds to Odisha’s packaging-related manufacturing base.
Stark Ridge Private Limited will invest ₹500 crore in a paper and paper products manufacturing unit in Khordha, expected to create 1,710 jobs. The facility is proposed to have an annual production capacity of 108,000 MT of corrugated boxes, 48,000 MT of paper bags, 48,000 MT of mono cartons and 99,000 MT of paper. Its scale and product range position it as a major proposed addition to the State’s paper and packaging manufacturing segment.
Biofuel: Expanding Compressed Biogas Production
Three proposed Compressed Biogas (CBG) projects account for a combined investment of ₹680 crore and an employment potential of 984. The projects are planned in Angul, Jajpur, Sambalpur, Sundargarh and Balasore, extending biofuel-related industrial activity across multiple districts.
Indian Oil Corporation Limited will invest ₹360 crore in a 14,850 TPA CBG manufacturing facility across Angul, Jajpur and Sambalpur, with the potential to generate 745 jobs. Kineta Global Limited will establish an 8,250 TPA CBG facility in Sundargarh with an investment of ₹170 crore, creating 170 jobs. SreeMetaliks Bio Energy Limited will invest ₹150 crore in a 6,600 TPA CBG production facility in Balasore, expected to generate 69 jobs.
Together, the projects represent proposed CBG production capacity of 29,700 tonnes per annum. They add scale to Odisha’s biofuel sector and broaden the geographical footprint of investment in alternative energy production.
Steel Downstream and Industrial Manufacturing
Three projects in steel downstream and industrial manufacturing represent a combined proposed investment of ₹323.81 crore, with an employment potential of 634.
Saha Steel Private Limited will invest ₹72.81 crore in Sambalpur to manufacture 24,000 MT of pre-engineered building systems and 7,500 MT of cold-formed purlins, girts, decking and profile sheets. The project is expected to generate 280 jobs.
MPIL Steel Structures Limited will establish a heavy steel structure fabrication plant with a capacity of 25,000 MT in Jajpur, involving an investment of ₹200 crore and an employment potential of 200. Armour Industries will invest ₹51 crore in Sundargarh in a manufacturing facility covering structural steel fabrication, plate-work, blast furnace equipment, wagon-tippler systems, mining and material-handling equipment, and precision-machined components. The project is expected to create 154 jobs.
The projects add to the State’s downstream steel and fabrication capabilities, with proposed production spanning construction-related steel products, heavy structures and industrial equipment.
Chemicals and Petrochemicals
The chemicals and petrochemicals segment will receive two proposed investments worth ₹225 crore, with an employment potential of 405.
Aarish Coating Technology LLP will establish an industrial paint manufacturing facility in Khordha with an investment of ₹50 crore, expected to generate 200 jobs. Proec Energy Limited will invest ₹175 crore in Bhadrak to manufacture 18,000 TPA of calcined petroleum coke and 9,000 TPA of graphitized petroleum coke, creating a potential 205 jobs.
The projects broaden the range of industrial products proposed to be manufactured in Odisha, covering industrial coatings and specialised carbon-based materials.
Aerospace and Defence: Emerging Advanced Manufacturing
Two proposed projects in Khordha will bring ₹117 crore in investment to the aerospace and defence sector, with an employment potential of 1,170.
Stonehawk Technologies Private Limited will invest ₹65 crore in an integrated manufacturing facility for drones and unmanned aerial systems, with the potential to generate 800 jobs. Classic Tecnologistics& Trade Private Limited will invest ₹52 crore in an integrated aerospace manufacturing facility, expected to create 370 jobs.
The projects represent a proposed expansion into specialised manufacturing segments and add to the diversity of Odisha’s industrial investment portfolio.
Pharmaceuticals: Strengthening Manufacturing Capacity
Amritash Healthcare Pvt. Ltd. – Unit II will invest ₹152.69 crore in a pharmaceutical products manufacturing facility in Khordha, with the potential to generate 520 jobs.
The proposed facility will have a production capacity of 1,500 million tablets, 210 million capsules and 48 million injections. The project adds substantial proposed production capacity to Odisha’s pharmaceutical manufacturing sector and strengthens the State’s presence in a specialised, value-added industry.
Logistics Infrastructure
RB Abodes Private Limited will establish an Integrated Logistics Park in Ganjam with an investment of ₹209.35 crore, generating a potential 345 jobs. The project will also include a 5 MW rooftop solar power plant.
The proposed investment combines logistics infrastructure with on-site renewable energy generation, adding to the State’s infrastructure portfolio and supporting the development of facilities for goods movement and related commercial activity.
Tourism: New Hospitality and Destination Projects
Tourism accounts for six proposed projects with a combined investment of ₹1,035.62 crore and an employment potential of 1,337 persons. The projects cover hotels, luxury resorts and a convention centre across Khordha, Jharsuguda, Puri and Cuttack.
Ashirbad Engineering and Construction Private Limited will invest ₹310 crore in a five-star hotel in Khordha, with the potential to generate 270 jobs. Swami Resorts Private Limited will establish another five-star hotel in Khordha with an investment of ₹153 crore, creating 249 jobs.
The Royale Nest Hospitality Private Limited will invest ₹150 crore in a five-star luxury resort with a convention centre in Jharsuguda, generating a potential 193 jobs. In Puri, Srikrishna Estates and Construction Pvt. Ltd. will invest ₹135 crore in a high-end destination resort, creating 235 jobs. KP Prime Assets Private Limited will establish a five-star luxury hotel with an investment of ₹120 crore, generating 250 jobs. Maa Bhattarika Minerals will invest ₹64.04 crore in a four-star riverfront resort, Mahanadi Alaya, in Cuttack, with an employment potential of 150.
The proposed projects add to Odisha’s hospitality infrastructure across established tourism destinations and other locations. Their combined scale also makes tourism one of the significant contributors to the employment potential of the approved investment portfolio.
Global Competency Centre
Linde South Asia Services Pvt. Ltd. will establish a Global Competency Centre in Khordha for transport operations and remote operations, with an investment of ₹82 crore and an employment potential of 210.
The project adds a services-sector component to the investment portfolio, complementing the manufacturing-led proposals and broadening the range of economic activities represented in the approvals.
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