Odisha govt nods industrial investment projects worth Rs 2171.82 cr

On Saturday, the State Level Single Window Clearance Authority (SLSWCA) meeting was held under the Chairmanship of Chief Secretary Suresh Chandra Mahapatra accorded in-principle nod to 10 industrial investment projects envisaging investment worth Rs 2171.82 crore. Giving an in-principle approval to the proposals, Chief Secretary Mahapatra ordered the IDCO to do a scientific assessment of the real requirement of land and water for the units for optimising the usage of land. Concerned departments were asked to promote early grounding of the projects through quick clearances and permissions. Presenting details of the investment proposals, Principal Secretary, Industry, Hemant Kumar Sharma, said that the Proposals are essentially from the sectors like tourism, ethanol production, coal tar, cement grinding, food processing, and renewable energy. He outlined the financial and technical credibility of the industrial houses that presented the proposals. Bhoopinder Singh Poonia, Industrial Promotion & Investment Corporation of Odisha (IPICOL) MD, submitted project-wise details for discussion. The panel permitted My Home Industries Private Limited (MHPL) proposals to install a 3 mtpa Cement Grinding unit in Jajpur district with an investment of Rs 650 crores and job opportunities for more than 750 persons. The committee approved a project by Ramco Cements to develop its existing cement plant with an extra 0.9 mtpa grinding capacity at Haridaspur in Jajpur at an investment worth Rs 190 crore. The panel approved the Rs 205 crore expansion project of L N Metallics’ existing plant at Tripura in the Jharsuguda district. It approved the proposal of VCI Chemical Industries to install a coal tar distillation plant of Rs 210 crore in Jajpur. To promote the renewable energy sector, the state government has decided to increase financial incentives for the electric vehicle manufacturing industries, buyers, along with several tax waivers for the coming five years. It has passed the proposal to install a food processing plant at Panimura in Subarnapur district of Mash BioFuels at an investment worth Rs 258.05 crore, a Rs 100-crore ethanol plant of Vibrant Spirits in Bargarh. The panel has also approved proposals of three luxury hotels, comprising a five-star facility, at an investment worth Rs 181.6 crore in Bhubaneswar. It approved the proposal of ArcelorMittal Nippon Steel India Limited to install a Riverine Jetty at Udayabata, Jagatsinghpur, with an investment of Rs 150 crores and job opportunities for more than 280 persons. Image Source Also read: Karnataka enters pact with 23 firms for Rs 28k cr infra investments