Odisha Clears 12 Investment Projects Worth Rs 27.94 Bn

Odisha's State-Level Single Window Clearance Authority (SLSWCA) has granted approval to 12 investment projects worth Rs 27.94 billion. These projects, sanctioned under the leadership of Chief Secretary Pradeep Kumar Jena, are expected to create more than 4,700 job opportunities, as per a statement released by the state government. One notable project approval is for Hindalco Industries Ltd's plan to establish an aluminum battery foil manufacturing facility in Sambalpur district, involving an investment of Rs 8.34 billion. In the semiconductor and Electronic System Design and Manufacturing (ESDM) sector, the proposal from RIR Power Electronics Ltd to invest Rs 5.10 billion in a manufacturing facility at Info-Valley in Khurda district received the green light. The SLSWCA also endorsed the plan put forth by Nuvo Aeon Diamond and Jewellery Manufacturing Llp to establish a lab-grown diamond and jewellery manufacturing facility in Khurda, with an investment commitment of Rs 2.56 billion. In the steel sector, four companies - Khedaria Ispat Ltd, Fourstar Metaliks Pvt Ltd, New Laxmi Steel & Power Pvt Ltd, and Abhirav Industries Pvt Ltd - collectively proposed investments of nearly Rs 9 billion to establish their units in Jajpur and Sundargarh districts. The authority also approved projects from Utkal Phosphates Pvt Ltd (Rs 620 million), Narayani Green Pack (Rs 500 million), Maa Tarini Roller Flour Mills Llp (Rs 580 million), Milk Mantra Dairy Pvt Ltd (Rs 510 million), Mayfair Hotels and Resorts Ltd (Rs 730 million), among others.