Odisha govt approves investment proposals worth Rs 1,753.82 cr

(Eds: With minor edit in para 1) Bhubaneswar, Nov 17 (PTI) The Odisha government hasapproved six investment proposals worth Rs 1,753.82 crore indifferent sectors, which would create employment opportunitiesfor 5,566 people, official sources said.

The six projects in textile, food processing,plastics, tourism, steel and downstream sectors were approvedon Saturday at the State Level Single Window ClearanceAuthority (SLSWCA) meeting, chaired by Chief Secretary A KTripathy.

According to industries secretary Hemant Sharma, theproposal of Indian Metals and Ferro Alloys Limited (IMFA) wasapproved for setting up a ferro chrome unit and 10 MW WHRB(waste heat recovery boilers) power plant at Kalinga Nagar,Jajpur with a total investment of Rs 547.19 crore.

This project would create employment opportunities for900 people, he said.

Another proposal in the metal sector by Shri JagannathSteel and Power Limited for expansion of its existing 0.1 MTPAintegrated steel plant in Keonjhar district to 0.3 MTPAcapacity with a total investment of Rs 835.34 crore, was givengreen signal.

This will provide additional employment to 501 people,the official said.

The authority also cleared the proposal of PageIndustries Limited to set up a garment manufacturing unit atKhurda with a total investment of Rs 257.50 crore and it willprovide employment to about 3,500 people, he said.

Another proposal of Jay Bharat Spices Private Limitedfor diversification of its production and cold storagefacilities at Ramdaspur in Cuttack with additional investmentof Rs 50.10 crore got the nod of the government, Sharma saidadding that the project will create additional employment to550 people.

The proposal of Shree Malani Foams Private Limited,which manufactures 'Century' brand mattress, was also approvedby the SLSWCA for additional investment of Rs 10 crore.

The company proposed to set up a unit having 500 TPAcapacity at Khurda.

In the tourism sector, the proposal of Deo Residencyand Resorts Private Limited for expansion of its existinghotel at Baragadia, Kalinga Nagar in Jajpur district, with aninvestment of Rs 53.69 crore, was also approved, the officialadded. PTI AAMBDC BDC