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Odisha govt approves investment proposals worth Rs 608.79 cr

Tuesday, 30 Jun 2020
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The Odisha government has approved five investment proposals worth Rs 608.79 crore in sectors like Metal, Food Processing, and Logistics & Infrastructure, which may generate employment for 1,496 people in the state.

The investment proposals were approved at a State Level Single Window Clearance Authority (SLSWCA).

As per the Industrial Promotion and Investment Corporation of Odisha (IPICOL), the approved projects include metal downstream sector, iron ore plant, pellet plant, among others.

Reliable Sponge is looking at setting up an iron ore beneficiation plant of 2.5 million tpa and pellet plant of two million tpa, with an investment of Rs 250 crore and providing employment to about 250 people.

Whereas Growel Feeds will be setting up a shrimp/prawn feed and fish feed manufacturing facility, with an investment of Rs 65.82 crore of capacity providing employment opportunities for 700 people.

Another investor, Sravan Shipping Services will be setting up a logistics park at Jadupur village of Kendrapada District, with a total investment of Rs 100 crore and employing around additional 250 people.

The proposal of Chilika Distilleries to set up 110 kilo ltr per day grain-based distillery plant, with an investment of Rs 99.97 crore, will provide additional employment opportunities for 170 people.

SOM Distilleries and Breweries, Odisha, is looking at setting up 120 klpd capacity distillery (grain-based) unit, with an investment of Rs 93 crore. It will provide additional employment opportunities for 126 people.

 
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