Odisha Govt Clears 11 Investment Proposals Worth Rs 2,253 Cr| MENAFN.COM

Friday, 12 August 2022 08:43 GMT

Odisha Govt Clears 11 Investment Proposals Worth Rs 2,253 Cr

(MENAFN- KNN India) Odisha govt clears 11 investment proposals worth Rs 2,253 cr

Bhubaneswar, Aug 5 (KNN) Odisha's State Level Single Window Clearance Authority (SLSWCA) has given a green signal to 11 investment proposals worth Rs 2,253.15 crore.

The approved investment proposals include projects in various sectors like steel and aluminium downstream, food processing, infrastructure, oil and gas, information technology, electronic system designing and manufacturing.

As per reports, the envisaged projects will create employment opportunities for more than 5,162 persons.

“As most of the proposals are from downstream and manufacturing, the units will boost economic activities and generate direct and indirect employment opportunities in the State,” said Principal Secretary Industry Hemant Kumar Sharma.

The Fedders Electric and Engineering Limited have proposed to set up an iron ore beneficiation plant in Sundargarh district with an investment of Rs 533.25 crore with employment potential for over 1,000 people.

SLSWCA has approved the proposal of Envirocare Infrasolution for setting up a DRI and pellet with beneficiation plant and ferroalloy plant entailing Rs 520 crore with job opportunities for 600 people in Sundargarh district. Amongst the approved proposals is that of CMR Eco Aluminium for the establishment of a liquid aluminium alloys plant in Sambalpur district involving a cost of Rs 101 crore and Raj Rajeshwar Lalitha Tripursundari to manufacture high-grade titanium slag and by-product pig iron with an investment of Rs 150 crore in Ganjam district.

Some of the other approved projects are a grain-based ethanol plant by Jatak Jeevan Petrochemicals (Rs 61.3 crore) in Dhenkanal district, dairy products processing unit by Amrit Dhara Nutrifoods LLP (Rs 59.48 crore) in Cuttack district, software development and digital platform for trading of commodities by Puspham Technologies in Khurda district (Rs 50 crore) and natural gas regulating system and de-compressing unit in Jajpur and Keonjhar districts with an investment of Rs 50 crore. (KNN Bureau)


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