Bhubaneswar: 30/9/23:The Odisha Government on Saturday approved 19 industrial projects worth Rs 3663 crores, reflecting the State’s unwavering commitment to job creation and sustainable development.
The projects, which have received approval at the 122nd State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Pradeep Kumar Jena, are expected to generate employment for approximately 13,663 individuals in the State.
The 122nd SLSWCA meeting marked another significant stride in Odisha’s journey toward industrial excellence and further solidified the State’s position as a preferred investment destination.
The 122nd SLSWCA showcased the state’s commitment to diversifying its industrial landscape across multiple sectors. Significant endorsements were made in the apparel and textiles sector, further strengthening Odisha’s manufacturing capabilities.
The plastics industry received a boost, emphasizing the State’s focus on modern manufacturing and sustainable materials. The steel sector, both downstream and primary, witnessed a surge in approvals, highlighting the region’s rich mineral resources and metallurgical expertise.
Renewable energy emerged as a priority, reflecting Odisha’s commitment to sustainable and green energy solutions. The Agro and Food Processing sectors saw advancements, tapping into the State’s agricultural potential.
Infrastructure development, particularly in freight and logistics, was given emphasis, while the tourism sector’s growth was championed to leverage Odisha’s cultural and natural attractions. These sectors spanned across 10 districts indicating a widespread industrial development strategy.
These projects, with a combined investment of INR 3,663 Crores, are set to generate employment for approximately 13,663 individuals, reflecting the State’s unwavering commitment to job creation and sustainable development.
The EPIC Group, an apparel manufacturer based in Hong Kong renowned for serving some of the world’s leading brands, is poised to bolster foreign direct investment (FDI) in Odisha. Trimetro Garments India Pvt. Ltd., a subsidiary of the EPIC Group, is planning to invest INR 376.85 Crores in the establishment of its apparel manufacturing facility, consequently generating employment for 7,050 individuals in Khordha.
Time Technoplast Limited and Oricon Enterprise Limited are set to enhance the plastic sector with their manufacturing units in Khordha, with investments of INR 57.00 Crores and INR 90.00 Crores respectively.
The steel sector has experienced significant growth due to investments from several companies, including Nezone Steel Utkal LLP, Advance Steel Tubes Limited, Ninmal Steels Private Limited, Rungta Mines Limited, Ferro Tech India Private Limited, and Super Sonic Logistic Private Limited. Collectively, these companies have invested over INR 2,000 Crones in regions such as Kalinganagar, Dhenkanal, and Sundergarh.
Notably, Nezone Steel Utkal LLP is expanding its manufacturing capacity with the establishment of its second unit.
In the renewable energy sector, Mahanadi Coalfields Limited (MCL), and Odisha Power Generation Corporation Limited (OPGCL) are launching solar power plants with investments of INR 297.61 Crores and INR 215.00 Crores respectively.
The Agro and Food Processing sectors are poised to benefit from its homegrown companies, such as Pragati Milk Products Pvt. Ltd.’s ice-cream and baked product manufacturing plant in Chandanpur and Coastal Biotech Private Limited’s modern rice mill in Paralakhemundi.
Infrastructure development gets a boost with projects like Koli Commercial LLP and Vimla Infrastructure (India) Pvt Ltd, both establishing Private Freight Terminals under the Gati Shakti Multi-Modal Terminal scheme.
Krupalu Kunja is setting up a Compressed Bio Gas and fermented organic manure plant in Jajpur with an annual capacity of 48,000 MT with an investment of INR 73.25 crores and an employment potential of 138.
Odisha’s tourism sector is set to shine brighter with Mayfair Hotels & Resorts Ltd’s Convention Centre in Paradeep, Jagatsinghpur, which is expanding its capacity by 20 rooms.
These projects, spanning diverse sectors from apparel to renewable energy, underscore Odisha’s multifaceted growth strategy. As these ventures inch closer to realization. Odisha continues its ascent as a beacon of industrial growth and innovation.
Odisha today stands at the cusp of an industrial resurgence, blending traditional resource advantage with modem innovations. The State’s strategic vision, coupled with its commitment to sustainable and inclusive growth, is not only attracting national and global investors but also setting a benchmark for holistic development. As these projects unfold, they will undoubtedly catalyze Odisha’s journey towards becoming a powerhouse of industrial prowess and economic prosperity. The future beckons with promise and Odisha is leading the way with the clarion call of “Come, Join the Juggernaut”, according to an official release.