Odisha approves four investment proposals worth Rs 339.27 crore

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BHUBANESHWAR: The Odisha government on October 25 approved four investment proposals worth Rs. 339.27 crore in the State Level Single Window Clearance Authority (SLSWCA) meeting held under the chairmanship of Chief Secretary Aditya Prasad Padhi.

The project promises to create employment opportunities for 1,354 people.

A project of Rs. 130 crore proposed by a Delhi-based company to set up a manufacturing unit for steel tubes and pipes with a capacity of 1.80 lakh tonnes per annum (TPA) at Kalinganagar Industrial Complex in Jajpur. The plant will create direct and indirect employment for 600 people.

A Jamshedpur-based company proposed to invest Rs. 92 crore at Kalinganagar Industrial Complex to set up a manufacturing unit of steel doors and windows. The project would result in creating employment for 250 people.

A Bhubaneswar-based firm proposed to set up a logistics park in Khurda district with the estimated project cost of Rs. 66.79 crore, which will have warehousing facilities and a 600KW rooftop solar power plant. The facility would be utilized for storing FMCG, durable goods, apparel and pharmaceutical product. It will create direct and indirect jobs for 362 people.

A Berhampur-based real estate company proposed to set up a resort at Banthapali village in Berhampur. The resort will include cottages, banquet hall, restaurants, swimming pool and a health club. The project would be established at an investment of Rs 50.48 crore and will create jobs for 142 people.

Further, investment projects in downstream aluminium, petrochemical and chemicals worth Rs 12,600 crore were recommended to the High Level Clearance Authority for consideration.