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Odisha government clears 3 projects of Rs 864 cr

IANS  |  Bhubaneswar 

The on Thursday approved three projects involving an investment of Rs 864 crore with the potential to create 2,135 employment opportunities in the state.

The State Level Single Window Clearance Authority, at a meeting held under the chairmanship of Chief Secretary A.P. Padhi, gave in-principle approval to the three investment projects of Vijaynagar Bio-tech Pvt Ltd, West Coast Paper Mills and Kader Investment and Trading Co.

The authority approved a proposal of Vijaynagar Biotech Private Limited to set up a maize processing plant at Papadahandi in Nabarangpur district.

The 50,000-tonne maize processing plant with an investment of Rs 59 crore promises to create direct and indirect employment opportunity for 400 people, said an official.

A multi-layer double coated paper board manufacturing unit of West Coast Paper Mill Ltd also got the approval of the clearance authority.

The 1,32,000-tonne per annum (TPA) capacity unit along with a 12 MW captive power plant will come up at Sonepur at an investment of Rs 750 crore, the official added.

He said the proposed project will provide employment to 700 people.

Another project which was granted approval was Kader Investment and Trading Co Pvt Ltd's Sea Food Park at Deras, on the outskirts of Bhubaneswar.

The company, one of the largest seafood exporters, proposes to set up the Sea Food Park at an estimated cost of Rs 55 crore. It will generate employment for 1,035 people.

Industry secretary Sanjeev Chopra said: "Our main thrust is to make all possible efforts for ease of doing business in The state will ensure all project approvals are in place within 15-30 days."



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, September 14 2017. 21:12 IST