#Odisha Govt approves investment proposals worth Rs 992 crore

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Bhubaneswar: In another step towards creation of employment opportunities through industrialization, State Level Single Window Clearance Authority has approved five investment proposals of worth Rs.922 cr envisaging the employment potential for 2650 persons. The proposals were approved in the State Level Single Window Clearance Authority (SLSWCA) meeting held under the Chairmanship of Chief Secretary AsitTripathy in the LoksebaBhawan conference hall today afternoon wherein Principal Secretary Industry Shri Hemant Sharma outlined the project proposals for consideration.

Giving nod to the investment projects, Chief Secretary Sri Tripathy directed concerned departments to provide proactive facilitation to the approved units for their early grounding. Further, Sri Tripathy directed the departments of industries and water resources to make water allocation to industrial units more realistic and qualitative. The department was asked to withdraw the unused water already allotted to the industries and reallocate those as per the real requirement.

Further, it was decided in the meeting that IDCO would allot land for all industrial units approved by district level single window clearance authority of various districts. For the purpose, the General Manager of respective DIC would work as the nodal point for IDCO at district level. CMD IDCO Sri Sanjaya Singh present in the meeting said that IDCO would provide necessary logistics and staff support to the DICs.

The proposals approved in the meeting were from tourism, steel, food processing and IT & ESDM (Information and Technology & Electronics System Design and Manufacturing) sectors.

In the ESDM sector, the committee approved the proposal of a Odisha based ESDM company for setting up a manufacturing unit for production of Printed Circuit Boards (PCBs) of capacity 1,44,000sq.mtr at EMC park (Infovalley) in Khordha district with a total investment of Rs. 96.80 crore providing employment to about 425 people.

In the food processing sector, the proposal of a State based leading exporter of Sea food products for enhancement of its unit capacity located at Deras Sea Food Park, Khordhawith additional investment of Rs.85.94 crand employment potential for 580 people, was approved in the meeting.

In the Tourism sector, the proposal a national level leading company for setting up an amusement Park in the district of Khurda was approved by the SLSWCA. It would provide employment to around 500 people at an investment of Rs 107.10 cr. In the same sector, approval was also accorded to an Odia entrepreneur for setting up a 4 star hotel at Bhubaneswar with an investment of Rs. 59.08Crores, which would provide employment for 167 people.

The approved proposal in the Steel sector was from one of existing sponge iron producer of Odisha to expand its 0.05 MTPA Plant to 0.283 MTPA integrated steel plant in Keonjhar district with a total investment of Rs. 573.41crore providing additional employment of 978 people.

The fact about Odisha being considered as the most ‘attractive investment destination’ in the current FY as per reports of the Centre for Monitoring Indian Economy (CMIE), New Delhi, Odisha was discussed in the meeting. The report said that Odisha cornered around 18% of the total investment attracted at different Sates in Indian during 1st half (April-September) of the current FY.

Development Commissioner Sri Suresh Chandra Mohapatra along with the Principal Secretaries, Secretaries and senior officers of the concerned departments participated in the discussions.

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