Odisha approves investment proposals worth Rs 1,197.41 cr

Top Stories

»	49% Indian startups now from tier 2, 3 cities: Jitendra Singh
»	'India ranks 3rd in global startup ecosystem & number of unicorns'
»	Tripura exported over 9K tonnes of pineapples in 2 years
»	CPI inflation eases to 6.71% in July, IIP falls to 12.3%
»	Rupee depreciates 12 paise to close at 79.64 against US dollar

SME Times News Bureau | 19 Feb, 2019
The Odisha government on Tuesday approved eight proposals envisaging investments of Rs 1,197.41 crore and employment opportunities for 5,162 people.

The proposals were approved in a meeting of the State Level Single Window Clearance Authority (SLSWCA) headed by chief secretary Aditya Prasad Padhi here.

The approved projects encompass a range of industries such as downstream steel and aluminium, food processing, hospitality, iron and steel, plastic pipes and fittings among others.

Mumbai-based Aditya Birla Fashion Retail Ltd got approval for its plan to set up an apparel manufacturing unit in Rayagada district with a capacity of 36 lakh pieces per annum and a total investment of Rs 114 crore.

The mega textile project will create job opportunities for 2,750 people, most of whom will be women. This will be the second unit of Aditya Birla Fashion after the one in Bhubaneswar, said a statement.

Hyderabad-based Gemini Edibles and Fats India got clearance for a Rs 300 crore refined vegetable oil manufacturing unit in Ganjam.

Bengaluru-based mattress major Kurlon's proposal to set up a PU foam manufacturing unit with a total investment of Rs 65 crore at Khordha was approved in the meeting.

Also approved was GMLR Techno Industries Pvt Ltd's plan to invest Rs 61.50 crore in a manufacturing unit for production of Sintex brand of PVC water storage tanks.

The SLSWCA also gave its nod to home-grown hospitality major Swosti Group's new resort project named Gopalpur Palm Resort in Ganjam district. It has proposed to invest Rs 64.58 crore.

The proposal of Astral Polytechnik Ltd to set up a new plastic pipes and fittings manufacturing unit with a total investment of Rs 109.81 crore in Cuttack also got the state government nod.

Two expansion projects in the sponge iron space in Sundargarh district were also okayed.

The meeting also approved the expansion proposals of Agrasen Sponge Private Limited with an investment of Rs 198.57 crore and Shree Hari Sponge Private Limited with an investment of Rs 284 crore.

The SLSWCA recommended Indian Oil Corporation Limited's proposal to set up a textile park in Bhadrak with an investment of 1,970.52 crore to the High-Level Clearance Authority (HLCA) headed by the Chief Minister for consideration.