Industry Odisha Bureau, Oct 29: The Odisha Government on Thursday approved 22 industrial investment proposals worth over Rs 3,855 crore, which would generate employment opportunities for 7,765 persons.
The State Level Single Window Clearance Authority (SLSWCA) headed by Chief Secretary Anu Garg has approved the industrial project proposals during its meeting held here.
The approved projects span 11 sectors: Tourism, Biofuel, Manufacturing, Aerospace and Defence, Chemicals and Petrochemicals, Infrastructure, Plastics, Pharmaceuticals, Global Competency Centres, Steel (downstream), and Paper (Packaging).
The projects are spread across 12 districts includes Angul, Balasore, Bhadrak, Cuttack, Ganjam, Jajpur, Jharsuguda, Khurdha, Nayagarh, Puri, Sambalpur and Sundargarh. This geographical spread is expected to support industrial development across multiple regions, create local employment opportunities and encourage economic activity around the proposed projects.
The paper, packaging and plastics sectors account for two significant proposed investments, together worth Rs 1,029.91 crore, with an employment potential of 1,960.
Alisha Torrent Closures (India) Private Limited will invest Rs 529.91 crore in Nayagada to manufacture caps and closures for bottled beverages, with the potential to generate 250 jobs. Stark Ridge Private Limited proposed to invest Rs 500 crore in a paper and paper products manufacturing unit in Khurdha, expected to create 1,710 jobs.
Three proposed Compressed Biogas (CBG) projects account for a combined investment of Rs 680 crore and an employment potential of 984. The projects are planned in Angul, Jajpur, Sambalpur, Sundargarh and Balasore, extending biofuel-related industrial activity across multiple districts.
Indian Oil Corporation Limited will invest Rs 360 crore for establishing manufacturing facilities across Angul, Jajpur and Sambalpur, with the potential to generate 745 jobs.
Kineta Global Limited will establish an 8,250 TPA CBG facility in Sundargarh with an investment of Rs 170 crore, while Sree Metaliks Bio Energy Limited to invest Rs 150 crore in a 6,600 TPA CBG production facility in Balasore.
Three projects in steel downstream and industrial manufacturing represent a combined proposed investment of Rs 323.81 crore were approved by the state government.
Similarly, the chemicals and petrochemicals segment received two proposed investments worth Rs 225 crore. Aarish Coating Technology LLP will establish an industrial paint manufacturing facility in Khordha with an investment of Rs 50 crore and Proec Energy Limited to set up a manufacturing facility in Bhadrak with an investment of Rs 175 crore.
Two proposed projects in Khurdha will bring Rs 117 crore in investment to the aerospace and defence sector, with an employment potential of 1,170.
In pharmaceuticals sector, Amritash Healthcare Pvt. Ltd. – Unit II will invest Rs 152.69 crore in a pharmaceutical products manufacturing facility in Khurda. RB Abodes Private Limited will establish an Integrated Logistics Park in Ganjam with an investment of Rs 209.35 crore.
Tourism accounts for six proposed projects with a combined investment of Rs 1,035.62 crore and an employment potential of 1,337. The projects cover hotels, luxury resorts and a convention centre across Khordha, Jharsuguda, Puri and Cuttack.
Similarly, Linde South Asia Services Pvt. Ltd proposed to establish a Global Competency Centre in Khordha for transport operations and remote operations, with an investment of Rs 82 crore.
