Odisha approves investment of Rs 537 crore

Bhubaneswar: Putting restriction on setting up industries close to national highways and state highways, the Odisha government on Tuesday approved investment of Rs 537 crore in the steel and food processing sectors, official sources said.

The decisions were taken at a meeting of the Single Window Clearance Authority presided over by Chief Secretary B K Patnaik. The SWCA approved a proposal for a steel project by Ambo Steel & Power group.

The Kolkata based group proposed to to set up an iron ore beneficiation and a pelletization plant of 1.20 million tonne capacity each, besides a 12 MW captive power plant at Barkot in Deogarh district.

The group proposed an investment of Rs 477.92 crore, chairman of Industrial Promotion and Investment Corporation of Odisha Ltd C J Venugopal said.

The plant will come up on 230 acre and provide direct employment to 555 persons and indirect employment for 3,000 people, he said.

The SWCA also also approved the proposal of SMV Beverages Pvt Ltd to change the site of its 100 lakh crate capacity bottling plant from Atabira to Bhatli in Bargarh district.

The Maharastra-based company proposed to invest Rs 59.61 crore in the project. "The SWCA also decided to restrict allotment of land for induries within 300 meters from both the sides of National Highways and State Highways," Venugopal said.

The SWCA also took a decision to empower district level single window authorities to sanction tourism related projects less than Rs 5 crore, he said.