Bhubaneswar: The Odisha Government on Thursday approved 18 industrial projects worth Rs 3,457 crore generating 14,436 employment opportunities for the people of State.
The projects were approved at the 118th State Level Single Window Clearance Authority (SLSWCA) meeting held under the chairmanship of Chief Secretary Pradeep Kumar Jena.
Ten out of these investment intentions were received during the Make in Odisha Conclave 2022. This showcases the immense success of the conclave in attracting investments and reinforcing Odisha’s rank as 2nd among the States in attracting ongoing investments in FY 2022-23.
The State Government is committed to converting the investment intents into ground reality and in this endeavour, holds SLSWCA meetings at regular intervals to fast-track the grounding of projects.
Projects spread across diverse sectors like Metal Downstream and Ancillary, Pharmaceutical, Food Processing, , Cement, Textile & Apparel, IT & ESDM, and Agro Processing received approvals in the 118th SLSWCA, according to an official release.
The approved projects will be set up across various parts of the State including Jajpur, Khurda, Koraput, Cuttack, Sundargarh, Bhadrak, Sonepur, Bolangir and Boudh Districts.
The committee has given a go-ahead to 9 projects in the Metal Sector, 5 projects in Agro & Food Processing Sector and one project each in Textiles, Cement, IT & ESDM, and pharmaceuticals sectors.
Odisha has been a leader in the mining and metallurgy sector owing to its natural resource advantage. This has been further leveraged by the State Government to develop metal ecosystem in the State.
While Odisha remains the leader in the production of Steel, Stainless Steel, Alumina and Aluminium, it is also emerging as the leader in the metal downstream and ancillary sector. This claim was further strengthened today, when the SLSWCA approved 9 projects in the Metal Downstream and Ancillary sector. The projects of TYK Ceramics India Private Limited, Calderys India Refractories Limited, Shrijay Foils Limited, Thakur Prasad Sao & Sons Pvt Ltd, SMS India Pvt Ltd, Ferro Alloys Coporation Ltd, Indiano Spl Private Ltd, Rudramukhi Infracon Pvt Ltd, and Reliable Sponge Pvt Ltd were approved which aim to provide employment to more than 2600 people of Odisha in total.
Calderys India Refractories Limited which is an Indian subsidiary of Calderys headquartered in France intends to setup manufacturing for Acidic Refractory Bricks, Acidic Monolitics, Refractory Bricks, Steel Casting flux, and Precast Prefired Shaped Refractory Plant entailing an investment of 500 crores.
TYK Corporation who showed their investment intent during the Japan Roadshow of Government of Odisha have realized the same with their Indian subsidiary TYK Ceramics India Private Limited are investing INR 57 crores in Jajpur District to set up a 1020 MT High-end Refractory products plant.
While Caldery and TYK Corporation are setting up their first units in the State, SMS India Private Limited is further expanding to add a 4th unit of 4000 MT/annum capacity of steel plant equipment.
The rapid expansion of SMS India Private Limited is a testament to the personalized investment facilitation and the robust ease of doing business ecosystem in the state. The approved project in Khordha is worth INR 160 crores and aims to provide employment to more than 150 people in the State.
The SLSWCA also approved the proposal of Toshali Cement Private Limited for expansion of their cement grinding capacity to 1.75 MTPA in Cuttack with an investment of INR 525.46 crores.
In the Agro & Food Processing sector, the authority approved 5 projects which are expected to provide employment to more than 1400 people of Odisha. The proposal of Abis Exports India Pvt Ltd includes the setting up Manufacturing Unit for poultry feed in Badachana at Jajpur District with an investment of INR 161.57 crore.
In the IT & ESDM sector, the committee gave a nod to 1 project, by OgoEnergy India Private Limited with an investment of INR 201 crores. The company proposes to set up a 1000MWh battery pack in Khorda district, which will provide employment opportunities to over 530 people of Odisha.
In the Pharmaceuticals sector, the committee gave a nod to 1 project, by Cadila Pharmaceuticals Limited with an investment of INR 200 crores. The company proposes to set up a pharmaceutical manufacturing unit, which will provide employment opportunities to over 680 people of Odisha.
The SLSWCA also recommended 2 proposals of Indian Oil Corporation Limited & Toshali Cement Private Limited to High Level Clearance Authority (HLCA).