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Government of Odisha approved 15 major projects with a combined investment of Rs3,353.15 crores,

in Business, State News November 8, 2024 Comments Off on Government of Odisha approved 15 major projects with a combined investment of Rs3,353.15 crores, 142 Views

Bhubaneswar: 8/11/24:The Government of Odisha on Friday approved as many as 15 major projects with a combined investment of Rs3,353.15 crores, which is expected to generate 4,637 jobs, officials said.

The approvals came during a meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja.

These projects cover a wide range of sectors, including Chemical/Renewable Energy, Steel, Aluminium, Food Processing, Manufacturing, Textile & Apparel, Tourism, Pharmaceuticals, and Cement. They will be implemented across several districts, such as Koraput, Khurda, Baragarh, Puri, Cuttack, and Jharsuguda.

In the chemical/renewable energy sector, Reliance Bio Energy Limited will set up a compressed bio-gas and organic manure plant in Puri with an investment of Rs 121.21 crore. The project is expected to create 69 jobs, officials said.

In the steel sector, Beekay Steel Industries Ltd. plans to invest Rs 750 crore in Cuttack, expanding its operations with sponge iron, billets, ferroalloys, sinter plants, and a captive power plant. This expansion is expected to generate 800 jobs, they added.

The downstream aluminum sector will also see significant growth, with HM Power and Cables Pvt. Ltd. setting up an aluminum conductor, power cable, and wire manufacturing plant in Jharsuguda. This Rs 55.72 crore investment will create 205 jobs.

In addition, Nexthermal Asia Pvt. Ltd. will set up a heating elements manufacturing unit in Khurda, supported by an investment of Rs 55.81 crore, which will create 132 jobs.

The Food Processing sector continues to attract significant investment, with several projects from companies such as Bhuvaneshwari Foods and Beverages, Aban Beverages, and Geofast Consumer Products. These projects, located in Khurda, Baragarh, and Cuttack, will have a combined investment of Rs 1,542.04 crore and are expected to create over 1,358 jobs.

In the Textile & Apparel sector, Odisha Textile Manufacturing Private Limited is establishing a facility in Khurda to manufacture recycled yarns from textile waste. This initiative, valued at Rs 51.80 crore, is expected to create 535 jobs.

In tourism, ITC Limited will expand its five-star hotel ‘Welcomhotels’ in Bhubaneswar with a Rs 119.14 crore investment, providing an additional 240 jobs.

Additional tourism-related projects by SJ JRG Ventures LLP and Crackers India Infrastructures Ltd (LYFE Group of Hotels) will bring new hospitality facilities to Puri and Koraput, totaling Rs 154 crore in investments and creating 380 jobs.

In pharmaceuticals, Infunex Healthcare Private Limited will establish a second unit for manufacturing intravenous fluids in Cuttack, with an investment of Rs 59.43 crore, creating 182 additional jobs.

In cement, Ultra Tech Cement Ltd. will expand its cement grinding unit in Cuttack, increasing its capacity from 3 MTPA to 6 MTPA. This Rs 372 crore expansion will create 581 jobs and contribute to the state’s infrastructure development, officials said.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.
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