Toll Free Helpline - 1800 345 7111 ( Timing 10.00 AM to 6.00 PM on working days )

Odisha clears three investment projects worth Rs 864 crore

Thu, 14th Sep 2017 (Source:The Times of India)

Industrially-backward Nabarangapurdistrict got an investmentboost on Thursday as the state government cleared a proposal to set up a maize processing unit.

The state level single window clearance authority (SLSWCA) led by chief secretary A P Padhi approved a proposal of Vijaynagar Bio-tech Private Limited for setting up of a 50,000 tonnes per annum maize processing unit at Papadahandi in Nabarangapur district.

The project that would involve investment of Rs 59 crore, would generate 400 direct and indirect employment opportunities. The promoter seeks over 100 acres of land to set up the unit.

"This type of agro-based industry will boost socio-economic development of the region and Nabarangapur district, in particular," said industries secretary Sanjeev Chopra.

Nabarangaour district accounts for about 50 per cent of total maize produced in Odisha. As the total annual maize production in Odisha is estimated at six lakh tonnes, Nabarangapur alone produces around 3 lakh tonnes per annum

Two more projects were also approved by the SLSWCA that would come up in Khurda and Sonepur districts. Kedar Investment and Trading Co Private Limited, a unit of Liberty Group Company and one of the largest seafood exporters would establish 10,000 tonne per annum sea food processing unit at the proposed food park at Deras in Khurda district. It would invest Rs 55 crore for the project that has potential to create employment opportunity for around 1035 people.

West Coast Paper Mills Limited also got the approval to set up multi-layer double coated paper board manufacturing unit of 1,32,000 tonnes per annum (TPA) capacity and 12 MW captive power plant at Sonepur with a total investment of Rs 750 crore. Nearly 700 people can get employment in the plant.

"The thrust of the state government now is to make all possible efforts for ease of doing business in Odisha. We are ensuring that all project approvals are in place within 15 to 30 days. We further aim to bring in more industry friendly measures to allow industries to flourish in the state," said Chopra.

To ensure rapid implementation of approved projects, the chief secretary also reviewed status of at least 50projects which have already been approved by the SLSWCA and directed Industrial Promotion and Investment Corporation of Odisha Limited to continuously monitor their progress.

Other News

Investible Projects
EODB Reforms
Investor's Guide