Bhubaneswar: The government of Odisha on Friday gave its approval to four industrial projects involving investments of approximately 1,637.41 crore rupees.

The decision was made during the meeting of the State-level Single Window Customs Clearance Authority headed by Chief Secretary Suresh Chandra Mahapatra.

According to the state government, the proposals contemplate direct employment opportunities for more than 1,116 people. In addition, the projects will create many more indirect employment opportunities and strengthen economic activities in different parts of the state.

Principal Secretary of Industry Hemant Kumar Sharma said: “These proposals are mainly coming from sectors such as downstream manufacturing, metals and the energy sector and they will give new impetus to the sectors.”

These approved projects include the expansion of Tata Steel Limited’s iron ore beneficiation plant from 12 MMTPA to 17.6 MMTPA with an investment of Rs 946 crore to be set up in Joda, Keonjhar district with opportunities employment for more than 803 people.

A 50 MW solar photovoltaic power plant by Mahanadi Coalfields Limited for an investment of Rs 254.71 crore to be set up in Boudh, with employment potential for more than 36 people.

Railway car manufacturing plant with a capacity of 1,500 cars per year with 0.394 MMTPA Electric Arc Furnace (EAF), 0.1 MMTPA HR Crusher, 0.1 MMTPA CR Crusher and 0.5 MMTPA rail surfacing by Shyam Metalics and Energy Limited against an investment of Rs 381.60 crore to be set up in Hirakud, Sambalpur district with employment opportunities for over 115 people.

An oxygen cylinder manufacturing plant with a capacity of 10 80,000 cylinders per year by ShyamMetalics and Energy Limited for an investment of Rs 55.10 crore is to be set up in the industrial zone of Rengali, in the district of Sambalpur, with potential employment potential for over 162 people.

IPICOL Managing Director Nitin Bhanudas Jawale said: “Due to the improved ‘ease of doing business’ and the facilitation of state government promotional policies, major investors now consider Odisha as a thriving investment destination. ”



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