 "Need cash now? Avoid taking a personal loan for discretionary purchases")
The Odisha government has approved an investment proposal by a China-based footwear company even as worries mount over spread of Covid-19 pandemic and India’s new FDI rules trigger a flashpoint in uneasy Sino-Indian ties.
The State Level Single Window Clearance Authority (SLSWCA) gave the go-ahead to a proposal by Niren Kumar Anand for setting up a footwear manufacturing unit with an envisaged capacity of one million pieces at an investment of Rs 62.44 crore and promising employment for 620 people.
The timing of the nod to the China based investor may flag worries but the state authorities don't see it
