Bhubaneswar:1/4/23: The Odisha government, in a bid to convert investment intents received during Make in Odisha Conclave 2022 into ground reality, has approved five industrial projects worth over Rs 35 crore from diverse sectors. The proposals, estimated at Rs 35,760 crores, were cleared by the High Level Clearance Authority (HLCA) in the 31st meeting held under the chairpersonship of Chief Minister Naveen Patnaik here today.
The endeavours are a part of the government’s effort to welcome industrialists to invest in the state with industry-friendly policies.
Official sources said the projects have the potential to generate over 38,100 employment opportunities for the people of Odisha and are spread across diverse sectors like IT & ESDM / Green Energy Equipment, Steel, Chemicals and Textile. The committee has given a go-ahead to 2 projects in the Steel Sector, 1 project in Green Energy and Equipment, 1 project in the Chemicals sector, and 1 project in Technical Textile sector.
The approved projects will be set up across various parts of the state namely, Bhadrak, Dhenkanal, Jagatsinghpur, and Keonjhar.
The proposal of WAREE Energies Limited entails an investment of Rs 25,000 crore to set up an Integrated Solar Equipment Manufacturing Complex by setting of 50,000 MT Polysilicon, 10,000 MW each of Ingot, Wafer, Solar Cells, and Solar Module at Neulopoi, Dhenkanal with an employment potential of 14,000 people in the state.
The committee also approved the proposal of Super Smelters Limited to setup an integrated steel plant of capacity of 1.8 MTPA in Keonjhar which promises an investment of Rs 5,436.10 crore and is expected to provide employment opportunities to about 19,000 people here.
Alongside these, HLCA approved another Steel sector project by Kashvi Power and Steel Private Limited for setting up an integrated steel plant in Keonjhar with an investment of Rs 1600 crore.
In the Technical Textile sector, the committee gave a nod to 1 project, by MCPI Private Limited. With an investment of Rs 2,223.25 crore, company proposes to set up manufacturing of HMLS Polyester, Based Tyre Cord Fabrics, HTLE Yarns, High IV and CP Chips in Bhadrak.
In Chemicals sector, the authority approved 1 project of IV Dhunseri Petrochem Industries Ltd which includes setting up of Bottle grade PET resin with a capacity of 60,000 MT per Annum in Jagatsinghpur with an investment of Rs 1,500 crore and is expected to churn employment opportunities for more than 500 people in the state. This manufacturing facility will supply raw material to many PET pre-form manufacturers in the region.