Odisha govt approves eight projects worth Rs 1397.18 cr

Prameyanews English

Last Updated Prameya News Bureau - November 17, 2023

Pradeep Jena

Bhubaneswar, Nov 17: The Odisha government today approved eight projects worth Rs 1397.18 crore, further strengthening the state's position as an investment destination. The projects would generate employment for around 3000 people in 6 districts.

The 124th State Level Single Window Clearance Authority (SLSWCA) meeting under the chairmanship of Chief Secretary Pradeep Kumar Jena approved the projects in the plastic, technical textile, steel and Aluminium sectors, further contributing to Odisha's manufacturing capabilities.

In the plastic sector, Sintex BAPL Limited is committed to invest Rs 479.47 crore in the establishment of manufacturing unit for CPVC, UPVC, SWR, Agri Pipes, PVC fittings and Plastic tanks with annual capacity of 37,520 MT. The proposed investment would create employment for 1000 individuals in Sambalpur. Also, HIL India is committed to invest Rs 250 crore to setup PVC and CPVC pipes manufacturing units thereby generating employment for 275 people.  

Mega Flex Plastics Ltd with its manufacturing unit for Plastic containers, leno bag, PP Woven Bags, PP Woven fabrics & Corrugated box has an annual capacity of 9,600 MT in Khordha. With an investment of Rs 62.38 crore, this venture will not only generate employment opportunities for 382 individuals but also serve as the first-of-its-kind manufacturing facility.

The steel sector has experienced significant growth due to investment from notable companies including Four Sandhu Tubes Private Limitedand KAI Steel Private Limited. Collectively, these two companies have invested near about Rs 188.98 crore in regions such as Jajpur & Sundargarh. Through these investments in downstream sectors the State will generate employment for more than 403 people.

Hindalco Industries Ltd proposed to invest Rs 241.05 crore in the aluminium sector, specifically for the establishment of a White Fused Alumina manufacturing unit in Sambalpur. This significant investment is expected to create job opportunities for 210 individuals.

In the IT Industry, Anuj Autograph Business Park is setting up an IT Park in Khordha with an investment of Rs 105.3 crore and an employment potential of 300.

In the Agro-Industry sector GGL Chalet Pvt. Limited proposed to invest Rs 70 crore on the manufacturing unit for Veneer (2,50,00,000 SQM per annum), Ply Board & Particle board (5,00,000 SQM per annum) and Biomass Pellet (10,00,000 MTPA) in Koraput. The combined employment generation potential is around290.

These projects spanning across diverse sectors from Plastic to Agro & Forest products reflects Odisha’s Multifaced growth strategy and steps towards industrial development.

Odisha’s strategic vision, coupled with its commitment to sustainable and inclusive growth, is not only attracting national and global investors but also setting a benchmark for overall development. As these projects unfold, they will contribute in making Odisha's a powerhouse of industrial development and employment generation.

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