Odisha Govt Clears Investment Proposals Worth Over Rs 9,000 Crore Amid Fight Against COVID-19

Bhubaneswar: Amid the fight against Coronavirus, the Government of Odisha on Monday approved six investment proposals worth over Rs 9000 crore in sectors like steel, chemical, metal, infrastructure, foot wear, downstream sectors etc. in the State.

These projects have potential to generate employment opportunities for 6525 persons, sources said.

The 22nd High Level Clearance Authority (HLCA) meeting, chaired Chief Minister Naveen Patnaik, approved two investment proposals worth Rs 8850.19 crore.

The panel cleared the proposal of M/s. Dhunseri Ventures Limited for setting up Maleic Anhydride manufacturing unit with annual capacity of 60,000MT at Paradeep in Jagatsinghpur district with a total investment of Rs. 1013.29 crore providing employment of 350 people.

Another proposal of M/s Rungta Mines Limited (RML) for setting up an expansion of its Integrated Steel Plant project from 0.9 MTPA to 2.85 MTPA capacity, with CPP of 385 MW and 1.69 MTPA Cement Plant (in two phases) at Jharbandh of Dhenkanal district was also approved by the HLCA. It will invest Rs 7836.90 crore and provide employment to 4900 people.

The 91st State Level Single Window Clearance Authority (SLSWCA) meeting,  chaired by Chief Secretary Asit Kumar Tripathy, cleared four more investment proposals worth Rs 251.09 crore.

These proposals include Metal & Metal Downstream, Textile & Apparel and Logistics & Infrastructure and are likely to generate employment for 1275 people. This also includes an investment from a Chinese sports shoe manufacturing company.

The proposal of M/S Niren Kumar Anand, for setting up footwear manufacturing unit of capacity 1 million pieces with an investment of Rs 62.44 crore, also received state government’s nod. It will provide employment for  around additional 620 people.

The proposal of M/s Kashvi International (P) Limited to set up an addition of 1.2 MTPA Iron Ore beneficiation Plant to its 0.6 MTPA Iron Ore Pelletisation Plant, with an investment of Rs. 55.23crore and providing employment to about 50 people also got also got thumbs up from the state government.

The SLSWCA also gave its nod to the proposal of M/s Purosteel India Pvt. Ltd. to set up a manufacturing unit such as tubes & Pipes PVD Coating, furniture fabrication, finished sheets & profiles, trimes plant with an investment of Rs. 53.42 crore of capacity providing employment opportunities for 200 people

The proposal of M/s Odisha Carriers and Trade for setting up three logistics Park cum Fulfillment centres, with an investment of Rs 80 crore also received the nod from the State government. The project will provide an additional employment opportunity for 405 people.

Meanwhile, The Chief Secretary directed the concerned departments to provide proactive and facilitating support for early grounding of the projects.

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