Odisha clears five investment proposals worth Rs 609 crore

BHUBANESWAR: The state government on Monday approved five investment proposals worth Rs 609 crore in sectors like metal, food processing, logistics and infrastructure.
The state level single window clearance authority (SLSWCA) chaired by chief secretary Asit Tripathy that clears individual projects up to Rs 1,000 crore approved the five projects, which would generate employment opportunities for around 1496 people.
According to official sources, the state government gave go ahead to a proposal of Reliable Sponge Pvt Limited for an iron ore beneficiation plant of 2.5 mtpa and a pellet plant of 2 mtpa in Sundargarh district. The company would invest around Rs 250 crore and generate employment for 250 people.
Another proposal of Growel Feeds Pvt Ltd for a shrimp/prawn feed and fish feed manufacturing facility with an investment of Rs 65.82 crore also got SLSWCA nod. The unit to come up in Balasore district would generate 700 employment opportunities.
Kendrapada district with hardly any industrial footprint also got an investment proposal as the government cleared a proposal of Sravan Shipping Services Pvt Ltd for a logistics park at Jadupur under Mahakalapada Block in Kendrapada. Around Rs 100 crore would be spent for the project that would generate 250 employment opportunities.
Among others, the SLSWCA also cleared two proposals for grain-based distillery plants by Chilika Distilleries Pvt Ltd with an investment of Rs 99.97 crore in Ganjam and SOM Distilleries & Breweries Odisha Pvt Ltd worth Rs 93 crore in Cuttack. The units have employment potential for 296 people.
This is the second set of investment proposals cleared by the state government amid the pandemic in the past four months. Investment proposals worth Rs 9,000 crore were cleared by the state government on April 20.
“At a time the pandemic has severely affected the global economy; such approvals at regular intervals would send a positive message among the investors,” said an industry department official.
While giving nod to the investment projects, the chief secretary directed concerned departments to provide proactive facilitation to the approved units for their early implementation. The Odisha industrial infrastructure development corporation (Idco) has been asked to develop plug and play industrial infrastructure for prospective investors in six priority sectors identified by the state government.