Bhubaneswar: The Odisha government on Tuesday approved 19 industrial investment proposals involving a cumulative investment of Rs 3,280.58 crore, with the potential to create 10,661 employment opportunities, an official release said.
The approvals were accorded at the 150th State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Anu Garg.
The projects span textiles and apparel, technical textiles, food processing, steel downstream, Global Capability Centres, biofuel, chemicals, circular economy, plastics and tourism, reflecting the state’s focus on value-added manufacturing and diversification of its industrial base.
The projects will come up across Anugola Debagada, Ganjam, Jagatsinghpur, Jharsuguda, Kataka, Khordha, Koraput, Puri and Sundaragada. An Indian Oil Corporation project for compressed biogas will be spread across eight districts.
Among the major proposals, Dollar Industries will set up an integrated hosiery manufacturing unit in Khordha with an investment of Rs 125 crore and an employment potential of 1,185. Sai Workwear Pvt Ltd will invest Rs 59 crore in an integrated technical textiles unit in Puri, expected to create 3,650 jobs.
In food processing, Geofast Industries (India) Ltd will establish a snacks, savouries and namkeen manufacturing facility in Khordha with an investment of Rs 120 crore, generating 350 jobs. Jai Bhawani Foods Pvt Ltd will invest Rs 100 crore in a food and confectionery co-packaging unit in Kataka, creating 550 jobs.
Three steel downstream projects were also approved. SPS Arihant Steel Structures Pvt Ltd will invest Rs 140 crore in manufacturing facilities in Deogarh, with an employment potential of 595. Steeledge Fabrication will establish a fabrication and machining unit in Sundargarh with an investment of Rs 108.82 crore and 375 jobs, while Bhubaneswar Udyog Pvt Ltd will invest Rs 101.99 crore in a facility for colour-coated and GI sheets and structural components in Kataka, creating 130 jobs.
Tata Power will establish a Global Capability Centre in Khordha with an investment of Rs 54.31 crore and 110 jobs.
The biofuel sector accounted for major investments, with IOC set to establish 39,600 TPA compressed biogas facilities across Baleshwar, Balangir, Baragada, Ganjam, Kalahandi, Kendujhar, Mayurbhanj and Subarnapur at an investment of Rs 960 crore. The project is expected to generate 760 jobs. Kineta Global Ltd will set up an 8,250 TPA CBG facility in Ganjam with an investment of Rs 170 crore and 170 jobs.
About the Author
