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Odisha okays Rs 3.4-bn investment in downstream metals, logistics, tourism

Cleared investment proposals to create employment opportunities for 1,354 people

BS Reporter  |  Bhubaneswar 

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The Odisha government on Thursday approved four proposals envisaging an investment of Rs 3.4 billion at the State-Level Single Window Clearance Authority (SLSWCA) meeting. These proposals will create employment opportunities for 1,354 people.

The SLSWCA accorded approval to two projects in the sector.

The first proposal was by a Delhi-based company to set up a manufacturing unit for steel tubes and pipes with a capacity of 180,000 tonnes per annum (TPA). The unit would be set up with an investment of Rs 1.3 billion at the Kalinganagar Industrial Complex in the Jajpur district. The plant will create direct and indirect employment for 600 people.

The second downstream proposal approved at the meeting belonged to a Jamshedpur-based company, which proposed to invest Rs 920 million. The company will set up a manufacturing unit of steel doors and windows at the Kalinganagar Industrial Complex with a capacity of 180,000 TPA, generating jobs for 250 people.

A Bhubaneswar-based company, which proposed to set up a park in the Khurda district with an investment of Rs 660 million, also got approval. The park will have facilities and a 600-Kw rooftop solar power plant. The facility would be utilised for storing fast-moving consumer goods, durable goods, apparel and pharmaceutical products.

In the sector, a Berhampur-based real estate company's proposal, entailing an investment of Rs 500 million, to set up a resort at the Banthapali village in Berhampur also received the nod.

The committee also recommended investment projects in downstream aluminium, petrochemicals and chemicals worth Rs 126 billion to the High-Level Clearance Authority for consideration.

First Published: Thu, October 25 2018. 20:00 IST
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