Odisha Government Approves Proposals Worth Rs 922 Crore

Five massive investment proposals worth Rs 922 crore under tourism, steel, food processing, and electronics manufacturing sectors were approved by the Odisha government. These plans once implemented can generate employment opportunities for 2,650 people.

Chief Secretary Asit Tripathy was the chairman of the State Level Single Window Clearance Authority (SLSWCA) meeting, under which the proposals were approved. SLSWCA has the clearance authority on individual investment proposals of less than Rs 1000 crore. Exercising this power, Chief Secretary Asit Tripathy approved and directed concerned departments to provide proactive facilitation to the approved units for their early grounding.

“The proposals approved in the meeting were from tourism, steel, food processing, and IT & ESDM (Information and Technology & Electronics System Design and Manufacturing) sectors,” an official release said. As per an official statement issued by the state government, the committee approved the proposal of an Odisha-based electronic-manufacturing firm to establish a manufacturing unit for the production of printed circuit boards (PCBs) at the electronic manufacturing cluster park in Khordha district.

In the food processing sector, the Chief Secretary approved the proposal of State-based leading exporter of Seafood products for enhancement of its unit capacity located at Deras Sea Food Park, Khordha. The expansion would be constructed with an additional investment of Rs 85.94 crore to employ 580 people.

“Two proposals were cleared in the tourism sector. The projects include an amusement park on the city outskirt with an investment of Rs 107.10 crore and a four-star hotel project in the city with an investment of Rs 59.08 crores. Both the proposals have the potential to generate 667 jobs,” said a senior industry department official, who attended the meeting.

In the steel sector, the panel approved an expansion of a steel project from 0.05 MTPA to 0.283 MTPA in Keonjhar with a total investment of Rs 573.41 crore.

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