Bhubaneswar: Odisha government Monday cleared 9 industrial projects worth Rs 873 crore investment. The investment proposal was passed at the State Level Single Window Clearance Authority (SLSWCA) headed by chief secretary PK Jena.
The collaborative synergy between the Government of Odisha and the business community continues to thrive, as these projects, with a cumulative investment exceeding INR 873.57 Crores, are poised to unlock new avenues of employment for 2516 persons, bolstering the State’s stature as a magnet for investments.
Among the ventures receiving the SLSWCA’s nod, Petronet LNG Limited’s Compressed Bio Gas and Fermented Organic Manure plant shines bright. With an annual capacity of 33,065 MT, this project promises a dual advantage of chemical production and renewable energy. Located inDeogarh, this initiativeis set to transform the landscape.
Pearl Precision Products Pvt Ltd joins the ranks with their plan for a cutting-edge Plastic Faucet, Water Tank, Pipes, and Fittings manufacturing unit. Their annual capacity of more than 30 million Pcs stands as a testament to their commitment to excellence. This project will be coming up in Paradeep Plastic Park, Jagatsinghpur.
In the Plastic sector, Indopet Polyplast Pvt. Ltd. sets out to establish a high-capacity manufacturing unit for Food Grade Pet Bottles, Jars & Pre-forms, with an annual capacity of 8,000 MT. Strategically located in Khurda, this project stands to enhance both employment opportunities and plastic manufacturing excellence.
The steel industry’s ancillary sector gathers momentum with the approval of TRL Krosaki Refractories Ltd’s comprehensive project. Spanning 57,000 MT basic raw material grinding unit, 11,700 MT monolithic raw material grinding unit, 8,900 MT high alumina raw material grinding unit, and 14,400 MT grog processing unit, this venture is located in Jharsuguda.
Another project in this sector approved by the SLSWCA is Chosun Sarvesh Refractories Private Limited’s 14,400 MT Tap Hole Clay unit. It will be located at Kuanramunda,Sundergarh.Chosun is a South Korea company having reputable stature as a manufacturer of quality refractories.
Saizar Enterprise Private Limited enriches the Steel (Downstream) domain by erecting a Steel processing unit for HR & CR coil. Situated in Kalinga Nagar, Jajpur, this project will add to Odisha’s steel processing capabilities.
Vikram Private Limited’s expansion project for a 0.12 MTPA SMS and 0.1 MTPA TMT plant adds yet another dimension to Odisha’s steel manufacturing prowess. Located in Lahunipada, Sundergarh, this initiative is another addition to Odisha’s strong steel sector.
The Agro & Food Processing sector receives a substantial boost with Coastal Biotech Private Limited’s Corn processing & corn starch manufacturing unit. This venture, situated in Bamuni Industrial Estate in Nawarangpur district will leverage the district’s maize production capacity.
Furthermore, Odisha’s tourism landscape thrives with the ambitious project of SNM Hotel And Resorts Private Limited. The Hotel and Resort facility will be coming up in Chikiti, Ganjam. The project in the Tourism sector underpins the state’s efforts for broad-based industrial growth.
The project details which received approval from the committee are as follows:
Projects for 121stSLSWCA
Sl No. Project Name Project Cost (Rs in Crs) Employment Potential Sector Location
1 Petronet LNG Limited 85.00 53 Chemical/ Renewable Energy Dist-Deogarh
2 Pearl Precision Products Pvt Ltd 100.74 700 Plastic Paradeep Plastic Park, Jagatsinghpur
3 Indopet Polyplast Pvt. Ltd. 80.00 150 Plastic Khurdha
4 TRL Krosaki Refractories Ltd 100.00 150 Steel (Ancillary) Dist- Jharsuguda
5 Chosun Sarvesh Refractories Private Limited 50.35 85 Steel (Ancillary) Block- Kuanramunda, Dist- Sundergarh
6 Saizar Enterprise Private Limited 89.90 250 Steel (Downstream) Kalinga Nagar, Jajpur
7 Vikram Private Limited 100.00 819 Steel Lahunipada, Dist- Sundergarh
8 Coastal Biotech Private Limited 53.08 82 Agro & Food Processing Bamuni Industrial Estate in Nawarangpur district
9 SNM Hotel And Resorts Private Limited 214.50 227 Tourism Chikiti, District – Ganjam
As these projects move closer to fruition, Odisha stands poised to achieve new milestones in its journey of progress, powered by visionary industrial ventures and a government unwaveringly committed to a thriving economic future. The 121st SLSWCA meeting stands as a testament to the State’s commitment to driving growth, generating employment opportunities, and strengthening its position as a burgeoning industrial powerhouse in the region.