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Odisha clears two investment projects worth Rs 1,000 crore

Tue, 21st Jun 2016 (Source:Times of India)

The state government on Tuesday cleared two investment proposals worth Rs 1000 crore that would generate direct employment opportunities for around 1,100 people.

The state level single window clearance authority (SLSWCA), headed by chief secretary A P Padhi, approved a proposal of BMW Industries Limited for setting up of a downstream park at Kalinganagar with an investment of Rs 900 crore. Another proposal of LL Logistic also approved for setting up of a logistic park at Indranipatna near Chowdwar by investing Rs 102 crore also gets its nod.

The BMW Industries would prepare finishing products like galvanized sheet, colour quoting sheets and tube mills by procuring raw materials from Tata Steel and Jindal Steel and Power Limited. It requires 100 acres of land," said industries secretary Sanjeev Chopra.

Similarly, the proposed logistic park by LL Logistic would have a warehousing and container stacking facilities with a capacity of 80,000 tonne each and cold storage of 2,500 tonne. It requires 60 acres of land which is already in possession of state-owned Odisha industrial infrastructure development corporation (Idco).

The panel also approved a report prepared by Mecon Limited that recommends development of basic infrastructure for setting up of ferro alloy units in the state.

 

The panel also reviewed bottlenecks faced by different steel, power and infrastructure projects in the state. The chief secretary directed for coordination among different departments to resolve the bottlenecks like land acquisition, obtaining statutory clearances in a time bound manner and simplification of tax related issues, official sources said.

 

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