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

Odisha starts receiving investment through e-Biz portal

Sat, 26th Mar 2016 (Source:The Economic Times)

The state government starts receiving investment proposals through the e-Biz portal, an online platform to expedite statutory clearances. Of the three investment proposals cleared by the state level single window clearance authority (SLSWCA) on Saturday, two were received through the e-biz portal.

The SLSWCA approved three investment proposals worth Rs 276 crore which would generate employment opportunities for around 500 people. 

The panel headed by chief secretary A P Padhi approved the proposal of Tata Sponge Iron Limited at Bilaipada in Keonjhar district to augment the capacity of its 12 MW captive power plant to 24.5 MW by investing Rs 80 crore. It would create direct employment opportunities for around 50 people.

The proposal of Beekay Steel Industries Limited to set up a rolling mill plant at Kalinganagar in Jajpur district also received government nod. The plant would invest Rs 105 crore by creating direct employment opportunities for 100 people.

The SLSWCA also approved a proposal of Saraf Agencies Private Limited to add one scandium and ferro-titanium plant to its ongoing titanium slag plant and titanium dioxide facility at Chhatrapur in Ganjam district.

Scandium is a rare earth material used in aerospace and defence products. The agency would invest Rs 90 crore for setting up of the project. It would create employment opportunity for 154 people.

"Except Beekay Steel, the other two proposals were received through the e-Biz portal on March 8. The projects were approved within 20 days through online. There would be no physical interference to obtain statutory clearances for these projects," said general manager, Industrial Promotion and Investment Corporation of Odisha Limited, Kalyan Mohanty after the SLSWCA meeting.

On February 14, chief minister Naveen Patnaik launched the e-Biz portal during the Make in India event in Mumbai. It was launched to provide a one-stop platform for all investment and business related services thereby reducing physical interface with various offices, official sources said. On the occasion, the chief secretary also reviewed the status of different projects and asked different administrative departments to clear the bottlenecks faced by them in a time bound manner

Other News

Investible Projects
EODB Reforms
Investor's Guide