Odisha Govt. Approves Transformative Projects Worth 1397.18 Cr; Job Potential For 2,860
Bureau,Odishabarta
Bhubaneswar,17/11/23:The 124th State Level Single Window Clearance Authority (SLSWCA) meeting, convened today, under the guidance of Chief Secretary Pradeep Kumar Jena. The SLSWCA gave its nod to 8 transformative projects worth 1397.18 Crores, further strengthening the State’s position as an investment destination.
Significant investments were made in the plastic, technical textile and Aluminium sector further contributing to Odisha’s manufacturing capabilities. The steel sector, witnessed a surge in approvals, highlighting the region’s rich mineral resources and metallurgical expertise. IT sector emerged as a priority, reflecting Odisha’s commitment to increase IT Solutions.
The Agro-Industry sectors saw advancements, tapping into the State’s cultivation potential. These sectors spanned across 6 districts indicating a widespread industrial development strategy.
In the plastic sector, Sintex BAPL Limited is committed to investing Rs 479.47 Crores in the establishment of a manufacturing unit for CPVC, UPVC, SWR, Agri Pipes, PVC fittings and Plastic tanks with an annual capacity of 37,520 MT. Consequently, this resulted in employment for 1000 individuals in Sambalpur. Also, HIL India is committed to investing Rs 250 Crores to set up PVC and CPVC pipes manufacturing units thereby generating employment for 275 people.
Mega Flex Plastics Ltd with its manufacturing unit for Plastic containers, leno bags, PP Woven Bags, PP Woven Fabrics and Corrugated Boxes has an annual capacity of 9,600 MT in Khordha. With an investment of Rs 62.38 Crores, this venture will not only generate employment opportunities for 382 individuals but also serve as the first-of-its-kind manufacturing facility.
The steel sector has experienced significant growth due to investment from notable companies including Four Sandhu Tubes Private Limited and KAI Steel Private Limited. Collectively, these two companies have invested near about Rs 188.98 Crores in regions such as Jajpur & Sundargarh.
Through these investments in downstream sectors, the State will generate employment for more than 403 people.
Hindalco Industries Ltd to invest INR 241.05 Crores in the aluminium sector, specifically for the establishment of a White Fused Alumina manufacturing unit in Sambalpur. This significant investment is expected to create job opportunities for 210 individuals.
In the IT Industry, Anuj Autograph Business Park is setting up an IT Park in Khordha with an investment of Rs 105.3 Crores and an employment potential of 300.
In the Agro-Industry sector GGL Chalet Pvt. Limited to Invest 70 Crores on the manufacturing unit for Veneer (2,50,00,000 SQM per annum), Ply Board & Particle board (5,00,000 SQM per annum) and Biomass Pellet (10,00,000 MTPA) in Koraput. The combined employment generation potential is around 290.
These projects spanning diverse sectors from Plastic to Agro and forest products reflect Odisha’s Multifaced growth strategy and steps towards industrial development.
Odisha’s strategic vision, coupled with its commitment to sustainable and inclusive growth, is not only attracting national and global investors but also setting a benchmark for overall development. As these projects unfold, they will contribute to making Odisha a powerhouse of industrial development and employment generation.
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