Odisha approves 10 investment proposals worth Rs 2,006 crores

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Odisha government has approved 10 industrial projects worth Rs 2,005.89 crores in the latest State Level Single Window Clearance Authority (SLSWCA) meeting that would generate employment opportunities for over 3,545 people in the state.

The SLSWCA gave a nod to Summa Real Media Private Limited to set up a pharmaceutical manufacturing & research unit at Gothapatna, Bhubaneswar with an investment of Rs 200 crore, which will generate employment opportunities for over 1,280 people.

The committee also approved the proposals of Sanvira Industries Limited to set up a Carbon Electrode Paste manufacturing plant (Capacity 100,000 MT) in Danagadi, Jajpur district against investments of Rs 205.44 crore.

In addition to the above approvals, the panel gave nod to set up 0.11 MTPA Ferro Alloys plant (2×24 MVA) in Badchana, Jajpur district, by United Ferrocast Private Limited against an investment of Rs 261.1 crores with employment opportunities for 376 people.

Balento Enterprises Private Limited got the approval for a 5 MTPA Iron Ore Beneficiation plant and 3 MTPA Pellet plant in Jhumpura, Keonjhar district at an investment of Rs 775 crore, which will generate employment opportunities for over 314 people.

Approval was also given to DN Sea Shells Pvt. Ltd. for setting up a Shrimp processing unit in Seafood Park, Deras, Khordha district against an investment of Rs 50.40 crore, which will generate employment for over 409 people.

Mayfair Hotels & Resorts Ltd got the approval for expansion of their existing facility, Mayfair Palm Beach Resort creating employment potential for 120 persons against an investment of Rs 85 crore at Gopalpur-on-Sea, in the district of Ganjam.

The government’s key focus has been on employment-intensive sectors such as metal and metal downstream, food processing, and new age industries such as pharmaceuticals and chemicals which offer opportunities for large scare hiring in a single unit. Given the vast skilled workforce in these sectors, such industries make a significant contribution for the state’s employment generation endeavors.