State Level Single Window Clearance Authority of the Government of Odisha, headed by the Chief Secretary, approves six investment proposals worth INR 493.62 Crores, generating employment opportunities for over 1317 people in the State.
BHUBANESWAR, 6th MAY 2022 (GPN): The 109th meeting of the State Level Single Window Clearance Authority (SLSWCA) held today under the chairmanship of the Chief Secretary of Odisha, Shri Suresh Chandra Mahapatra (IAS) approved 6 industrial projects worth INR 493.62 crores that would generate employment opportunities for over 1317 people in the State.
SLSWCA gave a nod to Jatia Steel Ltd to set up a 2,50,000 MT TMT Rebar and 2,50,000 MT Wire rod mill in Kalinga Nagar, Jajpur district, against an investment of INR 125 crore, which will generate employment opportunities for over 150 people.
The committee has approved another downstream Steel unit by the Sarangi Metal Works International Private Limited to set up a Driveline & Torque Tubes-50,000 MT, Special Coated Rollform Structures- 15,000 MT, Hot Dip Galvanized Steel Structures- 25,000 MT, in Kalinga Nagar, Jajpur district against an investment of INR 65.37 crore, which will generate employment opportunities for over 568 people.
That apart, the panel gave a nod to set up a 100 KLPD Ethanol Plant along with 2.5 MW Co generations Power Plant by JRS Ventures Pvt Ltd at Sonepur against an investment of INR 121 crore, which will generate employment opportunities for over 114 people.
SNM Hotels and Resorts Private Limited got the approval to set up a Hotel and Resort facility in Somolo Island, district of Ganjam, at an investment of INR 80.25 crore, which will generate employment opportunities for over 185 people.
Similarly, the Chief Secretary has given nod to Danieli Corus Refractory Solutions Pvt Ltd. to set up a Carbon/Graphite block cutting and machining facility with a capacity of 1500 MT per annum in Khordha district, at an investment of INR 51 crore, which will generate employment opportunities for over 150 people.
And, approval was also given to Ashirvad Pipes Private Limited for setting up an 18,000 MTPA capacity HDPE and PVC Pipes manufacturing unit in Tangi, Cuttack, at an investment of INR 51 crore, which will generate employment for over 150 people.
The Government’s primary focus has been on the employment-intensive sectors like Metal downstream, Food Processing, Tourism, and Plastic industries which employ thousands of employees in a single unit. Considering the huge skill force in this domain, such industries create massive employment in the State.Ends
About Odisha:
Located on the east coast of India, Odisha has a coastline of 480 km along the Bay of Bengal. The modern State of Odisha was formed on 1 April 1936, over the years the state has maintained a unique cultural identity distinct from all of its neighbouring States. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State. This website is a one-stop location for all such information.
About IPICOL:
Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation, and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice.
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