Odisha Govt Approves 19 Projects Worth Rs 3,663 Crore With 13,663 Job Potential
Bhubaneswar: In a significant stride in Odisha’s journey towards industrial excellence, a total of 19 projects worth around Rs 3,663 crore were approved by the state on Saturday. The approved projects have the potential to generate job opportunities for 13,663 people.
The 122nd State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary P K Jena gave its nod to 19 transformative projects, further solidifying the state’s position as a preferred investment destination, an official release said.
The SLSWCA showcased the state’s commitment to diversifying its industrial landscape across multiple sectors. Significant endorsements were made in the apparel and textiles sector, while plastics industry received a boost. The steel sector, both downstream and primary, witnessed a surge in approvals, highlighting the region’s rich mineral resources and metallurgical expertise. Renewable energy emerged as a priority, reflecting Odisha’s commitment to sustainable and green energy solutions. The Agro and Food Processing sectors saw advancements, while infrastructure development, particularly in freight and logistics, was given emphasis and tourism sector’s growth was championed to leverage Odisha’s cultural and natural attractions.
These sectors spanned across 10 districts indicating a widespread industrial development strategy.
The EPIC Group, an apparel manufacturer based in Hong Kong is poised to bolster foreign direct investment (FDI) in Odisha. Trimetro Garments India Pvt. Ltd. a subsidiary of the EPIC Group, is planning to invest Rs 376.85 crore in the establishment of its apparel manufacturing facility, consequently generating employment for 7,050 individuals in Khurda.
Time Technoplast Limited and Oricon Enterprise Limited are set to enhance the plastic sector with their manufacturing units in Khurda, with investments of Rs 57.00 crores and Rs 90.00 crores respectively.
The steel sector has experienced significant growth due to investments from several companies, including Nezone Steel Utkal LLP, Advance Steel Tubes Limited, Nirmal Steels Private Limited, Rungta Mines Limited, Ferro Tech India Private Limited, and Super Sonic Logistics Private Limited. Collectively, these companies have invested over Rs 2,000 crore in regions such as Kalinganagar, Dhenkanal, and Sundargarh. Notably, Nezone Steel Utkal LLP is expanding its manufacturing capacity with the establishment of their second unit.
In the renewable energy sector, Mahanadi Coalfields Limited (MCL), and Odisha Power Generation Corporation Limited (OPGCL) are launching solar power plants with investments of Rs 297.61 crore and Rs 215.00 crore respectively.
The Agro and Food Processing sectors are poised to benefit from its homegrown companies, such as Pragati Milk Products Pvt. Ltd.’s ice-cream and baked product manufacturing plant in Chandanpur and Coastal Biotech Private Limited’s modern rice mill in Paralakhemundi,
Infrastructure development gets a boost with projects like Koli Commercial LLP and Vimla Infrastructure (India) Pvt Ltd, both establishing Private Freight Terminals under the Gati Shakti Multi-Modal Terminal scheme.
Krupalu Kunja is setting up a Compressed Bio Gas and fermented organic manure plant in Jajpurwith annual capacity 46,000 MT with an investment of Rs 73.25 crore and an employment potential of 138.
Tourism sector is set to shine brighter with Mayfair Hotels & Resorts Ltd’s Convention Centre in Paradip in Jagatsinghpur district, which is expanding its capacity by 20 rooms.
These projects, spanning diverse sectors from apparel to renewable energy, underscore Odisha’s multifaceted growth strategy. As these ventures inch closer to realization, Odisha continues its ascent as a beacon of industrial growth and innovation.