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Odisha Clears Investment Proposals Worth Over Rs 9,000 Crore

CM Naveen Sets Up Inter-Ministerial Committee To Bring Industries, MSMEs Back On Track

Bhubaneswar: The Odisha government on Monday approved six investment proposals worth Rs 9,100.29 crore. Chief Minister Naveen Patnaik also announced to set up an inter-ministerial committee to look into the issues of bringing industries and MSMEs in the current coronavirus pandemic situation back on track.

The Ministers, who are members of the High-Level Clearance Authority (HLCA),  will be the members of the inter-ministerial group.

The 22nd High-Level Clearance Authority (HLCA) meeting, held under the chairmanship of CM Naveen Patnaik, cleared two investment proposals worth Rs 8,850.19 crore with an employment potential of 5,250, said a statement.

This was preceded by the 91st State Level Single Window Clearance Authority (SLSWCA) meeting, chaired by Chief Secretary Asit Kumar Tripathy, which approved four more investment proposals worth Rs 251.09 crore.

These proposals are likely to generate 1,275 jobs. It also includes an investment from a Chinese sports shoe manufacturing company.

Read: Odisha Fights Corona: Bed Capacity Increased To 5,000

The HLCA approved the proposal of Dhunseri Ventures for setting up Maleic Anhydride manufacturing unit with an annual capacity of 60,000 million tonnes at Paradeep in the Jagatsinghpur district with Rs 1,013.29 crore investment.

The proposal of Rungta Mines for expansion of Integrated Steel Plant project from 0.9 million tonnes per annum to 2.85 MTPA, with captive power plant of 385 MW and 1.69 MTPA cement plant (in two phases) at Jharbandh in the Dhenkanal district also got HLCA nod.

It proposed to invest Rs 7,836.90 crore, said the statement.

The SLSWCA approved four projects. In the footwear sector, the proposal of Niren Kumar Anand, for setting up a one million pieces manufacturing unit with Rs 62.44 crore investment got the approval.

It also cleared the proposal of Kashvi International to set up a 1.2 MTPA iron ore beneficiation plant along the 0.6 MTPA iron ore pelletisation plant with an investment of Rs 55.23 crore.

The proposal of Purosteel India to set up a unit for tubes and pipes PVD coating, furniture fabrication, finished sheets and profiles, trimes plant for Rs 53.42 crore was also approved.

The government also cleared the proposal of Odisha Carriers and Trade for setting up three logistics park-cum-fulfillment centres, with an investment of Rs 80 crore.

(With Agency Inputs)

Also Read: Odisha CM Announces Rs 100-Crore Package For Urban Poor Families

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