The Odisha government approves 10 industrial projects totaling Rs. 1923.6 Cr

The Odisha government approves 10 industrial projects totaling Rs. 1923.6 Cr

The Odisha government approves 10 industrial projects totaling Rs. 1923.6 Cr. Suresh Chandra Mahapatra, the Chief Secretary of Odisha, presided over today’s 113th meeting of the State Level Single Window Clearance Authority (SLSWCA) of the Government of Odisha (IAS). 10 industrial projects totaling Rs 1923.60 crores were authorised by the committee, creating jobs for more than 5,170 persons in the state.

A brief about The Odisha government approves 10 industrial projects totaling Rs. 1923.6 Cr:

Projects from a variety of industries, including power and renewable energy, chemicals, IT& ESDM, food processing, oil and gas, metal downstream, technical textiles, tourism, and infrastructure were approved during the meeting. Odisha will see the implementation of the approved projects, with 4 of them going up in Khordha and 1 each in Puri, Jagatsinghpur, Kendrapada, Balasore, Keonjhar, and Angul.

The SLSWCA approved the proposal of M/s Luminous Power Technologies Private Limited to establish a manufacturing facility of new technology environmentally friendly Batteries Fuel Cell, Advanced Chemistry Cell (ACC batteries), and Power storage & Solar batteries in the Angul Aluminum Park with a proposed investment of Rs. 481. Crores, generating employment for more than 1,150 people in the state.

The request of M/s Silox India Private Limited to establish a chemical manufacturing facility in Paradeep Industrial Area received approval from the committee. The unit is anticipated to generate 15000 MTPMetal Salts of Cobalt, Nickel, Magnesium, Lithium, & Zinc, 2000 MTPAZinc FormaldehydeSulphoxylate, and 25000 MTPASodium FormaldehydeSulphoxylate. The unit is being built with a 500 crore rupee investment, and it would likely provide jobs for around 800 people in the state.

The committee also authorised M/s Happiest Minds Technologies Limited’s investment of Rs 265 crore in the construction of a software development facility supplying IT services at O-Hub in Info-valley SEZ, Bhubaneswar. Over 1500 highly skilled job opportunities are anticipated to be generated by the project in the state.

The 5-star Hotel Hyatt Regency, which M/s MGM Resorts Pvt. Ltd. invested Rs 180 crores in, received committee approval for the hospitality sector. The New Marine Drive Road in Puri will see the development of the project. The committee also approved M/s Oil India Limited’s oil and gas exploration facilities at Patkura, Kendrapada, and Astaranga, Puri, each with an installed capacity of 10KLPD. OIL would invest more than Rs 108 crores in the state, creating jobs in these two places for more than 115 people.

The committee also approved the Rs 150 crore aqua feed manufacturing facility with a 1,80,000 MT annual capacity proposed by M/s IFB Agro Industries Limited in the agro and food processing sector. A potential workforce of around 270 people is anticipated for the project, which would be located in Balasore’s Somanathpur Industrial Estate.

The Odisha government has a strong interest in diversifying the state’s industrial perspective and attracting investments to employment-intensive industries. These authorised projects in the 113th SLSWCA are a testament to the government’s achievement in pursuing broad-based industrialization in the state as they are a part of a variety of employment-intensive sectors.

While the mineral and metallurgy sector has always preferred Odisha as a location, stable and forward-thinking governance over the past 20 years, along with factors like rapid technology adoption by the state and a highly skilled workforce, are helping Odisha develop as an industrial hub in eastern India and possibly as a hub for trade-related and industrial activities in the East and South-East Asian region.

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