Government of Odisha approves 8 new industrial projects worth of INR 1242.02 Crore

Bhubaneswar: The 98th meeting of the State Level Single Window Clearance Authority (SLSWCA) held today under the chairmanship of Chief Secretary Shri Suresh Chandra Mahapatra approved 8 industrial projects to the tune of INR 1242.02 crore in the Metal & Metal Downstream, IT & ESDM, Manufacturing, Logistics and Tourism sectors. These industrial projects are further expected to render 3135 employment opportunities in the state.

The details of the eight projects for which in-principle approval was accorded by SLSWCA is listed below:
● A 30,000 MTPA Atomized Iron Powder plant by M/s SLM Powders Private Limited against an investment of INR 67.83 crore to be set up in IDCO – Kalunga Industrial Estate, Dist – Sundergarh, which will generate potential employment opportunities for over 430 persons.
● A manufacturing unit of PET Preforms and Closures (Unit-II) of 24,000 tonnes /annum capacity for the Food & Beverage Industries to be set up by M/s Oricon Enterprises Ltd in Khordha with an investment of INR 120 crore, which will generate potential employment opportunities for over 110 persons.
● A Manufacturing unit for production of Solar Panel, Advanced storage batteries like Li-ion Battery, Electronics Products for Energy Management, Electromechanical Components and USB data cable and HDMI cable by M/s Surya International at EMC Park (Info Valley), Dist- Khordha with an investment of INR 67.50 crore, which will generate potential employment opportunities for over 680 persons.
● A Logistics Park by M/s Jagannath Industrial and Logistics Parks Private Limited at Tangi Choudwar in Cuttack with an investment of INR 140 crore, which will generate potential employment opportunities for over 110 persons.
● Integrated Heavy Beach Sands Project by IREL IDCOL Ltd. at Krushnaprasad in Puri with an investment of INR 460 crore, which will generate potential employment opportunities for over 800 persons.
● A 5-star Hotel-cum-Luxury Resort by M/s Pravat Hospitality Private Limited in Puri with an investment of INR 135.69 crore, which will generate potential employment opportunities for over 350 persons.
● A 5-star Luxury Resort by M/s. Swosti Premium Ltd in Puri with an investment of INR 134 crore, which will generate potential employment opportunities for over 310 persons.
● A 4-star Hotel by Hotel Eden Roc in Bhubaneswar with an investment of INR 117 crore, which will generate potential employment opportunities for over 345 persons.

With major reforms, IPICOL has recently submitted the State Reform Action Plan (SRAP) – 2020 as stipulated by DPIIT, Government of India. Odisha has considerably improved the ease of doing business, through a string of reforms. These, calibrated with the government’s policy initiatives, have helped the State attract investments worth of INR 1,20,456.74 Crores in the last 1 year across the six focused sectors.