Home » State News » Odisha Chief Minister approved six investment proposals worth Rs. 8850.19 crore

Odisha Chief Minister approved six investment proposals worth Rs. 8850.19 crore

Bhubaneswar:20/4/20: While continuing its fight against the spread of COVID-19 with a systematic approach and pre-emptive action, the Government of Odisha gears up to propel the industrial activity and employment generation in the state. The 22nd High-Level Clearance Authority (HLCA) meeting today held under the Chairmanship of Chief Minister Naveen Patnaik approved two investment proposals worth  Rs. 8850.19 crore with an employment potential of 5250 people.

In this meeting, Chief Minister Naveen Patnaik announced to set up an inter-ministerial committee to look into the issues of bringing industries and MSMEs in the current pandemic situation and recommend appropriate suggestions for bringing them back on track. The Ministers who are members of HLCA will be the members of the inter-ministerial group. The CM announced this at the State HLCA meeting which was convened today. Finance Minister Shri Niranjan Pujari, Energy Minister Shri Sushant Singh, Steel & Mines Minister Shri Prafulla Mallick, and  Minister of State, Industries & MSME, Shri Dibya Shankar Mishra will be the members of this group.

This was preceded by the 91st State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Shri Asit Kumar Tripathy, Chief Secretary, Government of Odisha which approved four more investment proposals worth Rs. 251.09 crore outlined by Shri Hemant Sharma, Principal Secretary, Department of Industries, Government of Odisha. These proposals spread across Sectors like Metal & Metal Downstream, Textile & Apparel and Logistics & Infrastructure are likely to generate employment for about 1275 people. This also includes an investment from a Chinese sports shoe manufacturing company.

The HLCA approved two investment proposals which included the following:

The proposal of M/s. Dhunseri Ventures Limited for setting up Maleic Anhydride manufacturing unit with an annual capacity of 60,000MT at Paradeep, with a total investment of Rs. 1013.29 crore providing employment to 350 people.

The proposal of M/s Rungta Mines Limited (RML)for setting up an expansion of its Integrated Steel Plant project from 0.9 MTPA to 2.85 MTPA capacity, with Captive Power Plant of 385 MW and 1.69 MTPA Cement Plant (in two phases) at- Jharbandh, District-Dhenkanal with a total investment of Rs. 7836.90 crore providing employment of about 4900 people has also been approved by HLCA.

The SLSWCA approved four projects which included the following:

In the Footwear sector, the proposal of M/S Niren Kumar Anand,  for setting up Footwear manufacturing unit of capacity 1 Million pieces with an investment of Rs. 62.44 crore and employing around  620 people. This project is first of its kind in the state and has immense potential for further employment generation.

The proposal of M/s Kashvi International (P) Limited to set up an additional 1.2 MTPA Iron Ore Beneficiation Plant to its 0.6 MTPA Iron Ore Pelletization Plant, with an investment of Rs. 55.23 crore and providing employment to about 50 people.

In a big boost to the State’s Metal Downstream sector, the proposal of M/s Purosteel India Pvt. Ltd is to set up a manufacturing unit such as tubes & Pipes PVD Coating, furniture fabrication, finished sheets & profiles, times plant with an investment of Rs. 53.42 crore providing employment opportunities for 200 people.

The proposal of M/s Odisha Carriers and Trade for setting up three logistics Park cum Fulfillment centres, with an investment of Rs. 80 crore and it will provide an additional employment opportunities for 405 people.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

Check Also

Tata Steel Meramandali Announces Third Edition of Run-a-thon with the theme: Run For A Greener Planet

 To be organised in partnership with Dhenkanal District Administration A sapling to be planted for each registration 20 awards worth Rs 4.2 lakhs to be awarded 3500 run enthusiasts to ...