Odisha approves investment proposals worth Rs 1,197.41 crore


Bhubaneswar, Feb 19 (IANS): The Odisha government on Tuesday approved eight proposals envisaging investments of Rs 1,197.41 crore and employment opportunities for 5,162 people.

The proposals were approved in a meeting of the State Level Single Window Clearance Authority (SLSWCA) headed by chief secretary Aditya Prasad Padhi here.

The approved projects encompass a range of industries such as downstream steel and aluminium, food processing, hospitality, iron and steel, plastic pipes and fittings among others.

Mumbai-based Aditya Birla Fashion Retail Ltd got approval for its plan to set up an apparel manufacturing unit in Rayagada district with a capacity of 36 lakh pieces per annum and a total investment of Rs 114 crore.

The mega textile project will create job opportunities for 2,750 people, most of whom will be women. This will be the second unit of Aditya Birla Fashion after the one in Bhubaneswar, said a statement.

Hyderabad-based Gemini Edibles and Fats India got clearance for a Rs 300 crore refined vegetable oil manufacturing unit in Ganjam.

Bengaluru-based mattress major Kurlon's proposal to set up a PU foam manufacturing unit with a total investment of Rs 65 crore at Khordha was approved in the meeting.

Also approved was GMLR Techno Industries Pvt Ltd's plan to invest Rs 61.50 crore in a manufacturing unit for production of Sintex brand of PVC water storage tanks.

The SLSWCA also gave its nod to home-grown hospitality major Swosti Group's new resort project named Gopalpur Palm Resort in Ganjam district. It has proposed to invest Rs 64.58 crore.

The proposal of Astral Polytechnik Ltd to set up a new plastic pipes and fittings manufacturing unit with a total investment of Rs 109.81 crore in Cuttack also got the state government nod.

Two expansion projects in the sponge iron space in Sundargarh district were also okayed.

The meeting also approved the expansion proposals of Agrasen Sponge Private Limited with an investment of Rs 198.57 crore and Shree Hari Sponge Private Limited with an investment of Rs 284 crore.

The SLSWCA recommended Indian Oil Corporation Limited's proposal to set up a textile park in Bhadrak with an investment of 1,970.52 crore to the High-Level Clearance Authority (HLCA) headed by the Chief Minister for consideration.

  

Top Stories


Leave a Comment

Title: Odisha approves investment proposals worth Rs 1,197.41 crore



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.