Odisha Govt Gives Nod to Rs 1,242 Cr Investment Proposal

Bhubaneswar: In a bid to reboot the economy,  the State Government today gave its nod to as many as eight projects worth of  Rs 1,242.02 crore.

These projects include metal and metal downstream, IT and ESDM, manufacturing, logistics and tourism sectors.

The projects are expected to generate 3,135 employment opportunities in the State.

Here is the detail project:

● A 30,000-MTPA Atomized Iron Powder plant with an investment of Rs 67.83 crore will be set up by M/s SLM Powders Private Limited in IDCO – Kalunga Industrial Estate, Sundergarh. The project will generate potential employment opportunities for over 430 persons.

● A manufacturing unit of PET Preforms and Closures (Unit-II) of 24,000 tonnes /annum capacity for the Food and Beverage Industries to be set up by M/s Oricon Enterprises Ltd in Khordha with an investment of Rs 120 crore, which will generate potential employment opportunities for over 110 persons.

● A manufacturing unit for production of solar panel, advanced storage batteries like Li-ion Battery, Electronics Products for Energy Management, Electromechanical Components and USB data cable and HDMI cable by M/s Surya International at EMC Park (Info Valley), Khordha district with an investment of Rs 67.50 crore, which will generate potential employment opportunities for over 680 persons.

● A Logistics Park by M/s Jagannath Industrial and Logistics Parks Private Limited at Tangi Choudwar in Cuttack with an investment of Rs 140 crore, which will generate potential employment opportunities for over 110 persons.

● Integrated Heavy Beach Sands Project by IREL IDCOL Ltd. at Krushnaprasad in Puri with an investment of Rs 460 crore, which will generate potential employment opportunities for over 800 persons.

● A 5-star hotel-cum-luxury resort by M/s Pravat Hospitality Private Limited in Puri with an investment of Rs 135.69 crore, which will generate potential employment opportunities for over 350 persons.

● A 5-star Luxury Resort by M/s Swosti Premium Ltd in Puri with an investment of Rs 134 crore, which will generate potential employment opportunities for over 310 persons.

● A 4-star Hotel by Hotel Eden Roc in Bhubaneswar with an investment of Rs 117 crore, which will generate potential employment opportunities for over 345 persons.

IPICOL recently submitted the State Reform Action Plan (SRAP) – 2020 as stipulated by DPIIT, Government of India. With this the State attracted investments worth of Rs 1,20,456.74 crore in the last one year across the six focused sectors.