Odisha approves investment in nine sectors
Bhubaneswar: Investment of Rs 1,770.43 crore in nine different sectors was approved by Odisha Government today that will create employment for 3,204 people, said official sources.
At least 10 investment proposals from different companies were placed at the State Level Single Window Clearance Authority (SLWCA) meeting presided over by Chief Secretary A P Padhi.
Though the SLWCA accorded approval to the nine proposals in food processing, plastics, renewable energy and steel sectors worth Rs 1,777.43 crore, the NTPC’s proposal for expansion of its thermal power plant capacity of Talcher Thermal Power Station worth investment of Rs 7698.46 crore was referred to the High Level Clearance Authority (HLCA) headed by the chief minister.
The approved projects have a potential of creating 3200 additional jobs in the state. The major proposals which got SLWCA’s nod included Rs 737 crore investment by Ultratech Cement Limited, Rs 241 crore investment by Sakura Premier Solar Private Limited.
The other investors were: Coastal Corporation Limited (food processing, Rs 51 crore), Balasore Alloys Limited (steel, Rs 232.40 crore), Indo Nissin Foods Private Ltd (Food processing, Rs 50.44 crore), Oricon Enterprises Ltd (platics for food processing, Rs 120 crore), Jyoti Solar Solutions Private Limited (renewable energy, Rs 57.17 crore), Topaz Solar Pvt. LTD (Renewable Energy, Rs 220 crore) and Jay Bharat Species Pvt Ltd (food processing, Rs 61.42 crore.)
Of the nine proposals approved in today’s SLWCA meeting, four were in the food processing and allied sectors.
Indo Nissin Foods Private Limited promoted by Japan based Nissin Food Holdings and Mitstubishi Corporation, has proposed to invest another Rs 50 crore to expand its manufacturing facility at khurda.
The state has already promulgated in new Odisha Food Processing Policy 2016, which provides competitive incentives and facilitating frame work for investment in the sector.
Food Processing has been identified as one of the six focus sectors by the government and the state expects to attract Rs 19,800 croree of investmnt in the sector as per the vision 2025 for indutrial development.
“At least 54 projects with investment of Rs 1,11, 500 crore and employment potential of more than 75,700 jobs have been approved by the SLSWCA since the Make In Odisha Conclave held in December, 2016,” an official said.