19 New Projects Worth Rs 1650 Cr To Generate 4500 Jobs In Odisha; Check Details

Bhubaneswar: Chief Minister Naveen Patnaik on Friday initiated the 16th phase of inauguration and ground-breaking for 19 projects in Odisha.

Two projects, Supreme Industries Ltd, and Ashirvad Pipes Private Limited in Cuttack, were inaugurated while groundbreaking for 17 was organised, an official release said, adding that the investment intent for these Rs 1650-crore projects across sectors like plastic, seafood processing, manufacturing, tourism, IT and ESDM, refractory, agro and food processing, pharmaceuticals and steel downstream was received during MIO Conclave 2022.

These projects, which also include IFGL Refractories Ltd and JMS Medicon, are likely to generate 4500-plus employment opportunities.

Speaking on the occasion, the CM said that Odisha is fast emerging as a major manufacturing hub in the country for sectors ranging from metal and minerals to chemical & petrochemicals and food processing, among others. “We have shifted from a resource-dependent, mineral-based industrial development to more rapid, broad-based and inclusive economic growth across diverse sectors,” he added.

He assured required support to the investors looking to explore Odisha as a potential investment destination. “My government has always endeavoured to provide a hassle-free and prompt business environment for the investors in Odisha. Our focus on the 5T philosophy in transforming the industrial sector has further strengthened the industry-led ecosystem of value addition, sustainable employment generation and revenue augmentation in the state.”

PROJECTS

Plastic: Supreme Industries Ltd, and Ashirvad Pipes Private Limited, which are expected to generate 470 employment opportunities

Food processing sector: Sao Breweries and Distilleries Pvt Ltd, Indian Potash Ltd, Globus Spirits Ltd, Oriclean Private Limited, Amrit Dhara Nutrifoods LLP and DN Sea Shells Pvt Ltd, which together with an investment of Rs 803.6 crore are expected to provide 1459 employment opportunities.

Manufacturing: Three projects worth Rs 293.34 crore likely to generate 243 employment opportunities for the youth of the state.

IT & EDSM: Incture Technologies Pvt Ltd with an investment of Rs 46.79 crore

Tourism: Mayfair Hotels & Resorts Ltd, Aspen Lake Suites LLP and Luxurio Assets Private Limited with an investment of Rs 203.73 crore.

Mayfair Hotels & Resorts Ltd will expand its existing resort franchise to Gopalpur and Ganjam while Aspen Lake Suites LLP will set up a 5-star resort facility in Barkul, Chilika, Khurda. Luxurio Assets Private Limited is also expected to come up with a resort facility in Gopalpur and Ganjam. In terms of investments, the IT & EDSM garnered a total investment of INR 46.79 crores while the tourism sector secured a total investment of INR 203.73 crores.

Steel downstream: JSE Infotech Pvt Ltd and Nilachal Engineers will invest Rs 12.78 crores and are expected to jointly generate 160 employment opportunities. The projects are coming up in Ramdaspur, Cuttack, and Jaymangal, Khurda, respectively.