Odisha Govt Gives Nod To 12 New Projects At SLSWCA Meeting

Bhubaneswar:1/11/23:: Further solidifying the State’s position as a preferred investment destination, the Odisha government gave its nod to 12 transformative projects at the 123^rd State Level Single Window Clearance Authority (SLSWCA) meeting convened on Tuesday.

The approval, given under the astute guidance of Chief Secretary Shri Pradeep Kumar Jena, marked another significant stride in Odisha’s journey towards industrial excellence.

The 123^rd SLSWCA meeting showcased the State’s commitment to diversifying its industrial landscape across multiple sectors. Significant endorsements were made in this semiconductor and ESDM sector, further strengthening Odisha’s manufacturing capabilities. The Aluminium 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. Gemstone sector emerged as a priority, reflecting Odisha’s commitment to diamond and jewellery production. The food, beverage and allied sectors saw advancements, tapping into the State’s food processing potential. Tourism sector’s growth was championed to leverage Odisha’s cultural and natural attractions. These sectors spanned across 7 districts indicating a widespread industrial development strategy.

These projects, with a combined investment of INR 2,794.47Crores, are set to generate employment for approximately 4,715 individuals, reflecting the State’s unwavering commitment to job creation and sustainable development.

In the semiconductor and ESDM sector, RIR Power Electronics Ltd committed to Investing INR 510.80 Crores in the establishment of manufacturing fabrication and packaging facilities for silico carbide devices and SIC modules in Semi-Conductor and ESDM sectors. Consequently,  generating employment for 206 individuals in Khordha, InfoValley.

Nuvo Aeon Diamond and Jewellery Manufacturing LLP is poised to revolutionize the gemstone sector with its state-of-the-art lab-grown diamond and jewellery manufacturing facility in Khordha. With an investment of INR 256.50 Crores, this pioneering venture will not only generate employment opportunities for 300 individuals but also serve as the first-of-its-kind manufacturing facility. Furthermore, it is expected to stimulate the growth of ancillary and downstream industries within the gems and jewellery sector.

The steel sector has experienced significant growth due to investment from several companies including Four Star Metaliks Pvt Ltd, KhedariaIspat Ltd, New Laxmi Steel & Power Pvt Ltd and Abhirav Industries Pvt Ltd. Collectively, these companies have invested near about INR 900 Crores in regions such as Jajpur & Sundargarh. Through these investments in ancillary & downstream sectors, the state will generate employment for more than 1696 people.

In the Fertilizer sector, Utkal Phosphates Pvt Ltd is investing 62.07 Crores in establishing a manufacturing unit of Single Super Phosphate (SSP) &Granulated Single Super Phosphate (GSSP) fertilizer units with an annual capacity of 1,20,000 MT in Jagatsinghpur.