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Odisha govt clears projects worth Rs 2,171 cr

Monday, 06 Sep 2021
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The Odisha government has approved 10 investment proposals worth Rs 2,171 crore across diverse sectors that will create employment opportunities for over 5,000 people.

The projects, which are from steel, food processing, cement, chemical, renewable energy and tourism sectors, were approved by the State Level Single Window Clearance Authority at its 103rd meeting.

The panel gave a nod to ArcelorMittal Nippon Steel India to set up a riverine jetty at Udayabata in Jagatsinghapur district at an investment of Rs 150 crore.

The committee has approved a proposal of the My Home Industries (MHPL) to set up a cement grinding unit of three million tpa at Badchana in Jajpur district with an investment of Rs 650 crore.

The panel has approved a project by Ramco Cements to expand its existing cement plant with an additional grinding capacity of 0.9 million tpa at Haridaspur in Jajpur at an investment of Rs 190 crore.

An Rs 205 crore expansion project of L N Metallics’ existing plant at Sripura in Jharsuguda district also got the panel’s nod. It gave a green light to the VCI Chemical Industries to set up a coal tar distillation plant worth Rs 210 crore in Jajpur.

To boost the renewable energy sector, the state government has decided to extend financial incentives for the electric vehicle manufacturing industries, buyers, along with various tax waivers for the next five years.

It has approved a proposal to set up a food processing plant at Panimura in Subarnapur district of Mash Bio Fuels at an investment of Rs 258.05 crore, an Rs 100 crore ethanol plant of Vibrant Spirits in Bargarh.

The authority has also cleared proposals of three luxury hotels, including a five-star facility, at an investment of Rs 181.6 crore in Bhubaneswar.

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