Odisha approves projects worth Rs 4,804 crore

The Odisha government approved 19 industrial projects worth Rs 4,804 crore which are likely to generate 17,553 jobs on Wednesday, officials said. 
The projects were approved at the State-Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary PK Jena here.

The approved projects are in apparel and textiles, steel downstream, paint (chemical), plastics, packaging/metal downstream, chemicals, food, beverage and allied sectors, steel (ferroalloys), IT infrastructure, agro processing, renewable energy/circular economy and infrastructure.

These diverse investments not only enhance Odisha's manufacturing capabilities but also showcase the region's rich mineral resources, metallurgical expertise and commitment to technological advancements in the IT sector, Jena said, adding that the agro industry has seen notable advancements, tapping into the state's cultivation potential.  

Welspun Living Limited has proposed to invest Rs 200 crore for a textile facility in Kendrapada, creating 2,000 jobs in the apparel and textiles sector, while Tata Steel Downstream Products Limited will set up a 10,00,000 MT steel service centre in Kalinga Nagar, Jajpur, in the steel downstream segment with an investment of Rs 735 crore and promise of 335 potential jobs, officials said. In the steel (ferroalloys) sector, Indian Metals and Ferro Alloys Limited plans to invest Rs 977.43 crore in Jajpur to produce 2,20,000 MT Ferro Chrome and 20 MW WHRB Power, creating 1,190 jobs.

Jindal Stainless Limited is establishing a stainless-steel service centre unit in JSL Stainless Steel Park, Jajpur, with investment of Rs 150 crore and the potential to generate 315 jobs. Crackers India Alloys Ltd is set to invest Rs 101.50 crore in setting up a 52,800 MT steel casting mill and rolling mill with ancillary facilities in Barbil, Keonjhar, creating 240 jobs, an official said.

With PTI Inputs