Odisha approves three investment projects worth Rs 864 crfrom Vijaynagar Bio-tech, West Coast Paper Mills & Kader Investment, Trading Co

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Bhubaneswar, 14 September 2017: The Odisha government on Thursday approved three projects involving investment of Rs864 crore with the potential to create 2135 employment opportunities.
The government’s nod to the three projects came during 74th meeting of State Level Single Window Clearance Authority (SLSWCA) held under the chairmanship of Chief Secretary Mr. A P Padhi.
The SLSWCA accorded approval to the proposal of Vijaynagar Bio-tech Pvt Limited for setting up 50,000 tonnes per annum maize processing unit at Papadahani of Nawarangpur district with an investment of Rs 59 crore. This project would generate 400 direct and indirect employment opportunities. This type of agro-based industry will boost socio-economic development of the region and Nawarangpur district, in particular.
Another project which was granted approval was Kader Investment and Trading Co Pvt Ltd, one of the largest seafood exporter (Liberty group company) for its 10,000 tonne per annum sea food processing unit at Sea Food Park, Deras with an investment of Rs 55 crore. This unit would provide employment to around 1035 people.
West Coast Paper Mills Ltd also got the approval to set up multi-layer double coated paper board manufacturing unit of 1,32,000 tonnes per annum (TPA) capacity and 12 MW captive power plant at Sonepurwith a total investment of Rs 750 crore and the project would generate employment for 700 people.
Speaking on the sidelines of SLSWCA meeting, Mr. Sanjeev Chopra, Principal Secretary, Industries Department, Government of Odisha said “Our main thrust is to make all possible efforts for ease of doing business in Odisha. We are ensuring that all project approvals are in place within 15-30 days. We further aim to bring in more industry friendly measures to allow industries to flourish in the state.”
In order to ensure rapid implementation of the approved projects, the committee also reviewed status of 50 projects that have been approved by SLSWCA basis the proposals received during Make in Odisha Conclave in Bhubaneswar, Odisha Investors’ Meet in Bengaluru and ‘Make in India’ week in Mumbai.

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