Odisha government approved investment proposals over Rs 1508 cr create employment opportunities for 2155 people
Odisha government has approved five investment proposals worth over Rs 1508 crore which will help create employment opportunities for 2155 people, a senior official said.
The State Level Single Window Clearance Authority (SLSWCA) accorded approval to IOCL to set up a polyester products manufacturing unit of 324 KTPA capacity at the textiles park in Bhadrak district at an investment of Rs 975.10 crore, state industries secretary Sanjeev Chopra said.
It will be a joint venture with Haldia-based MCPI Private Limited and create direct and indirect employment for 185 people.
The project will act as an anchor and help in supplying feedstock or raw material to the downstream technical textile industries which will come up in the textiles park. It will provide employment to more than 100,000 persons in the long run, he said.
The governments nod to the projects came at meeting held under the chairmanship of Chief Secretary A P Padhi.
The proposal by a leading aluminium extrusions manufacturing company to set up a greenfield manufacturing unit at Angul Aluminium Park with a capacity of 40,000 metric tonnes per annum was also given the nod.
The investment outlay for this project is Rs 200 crore with employment potential for 500 persons, Chopra said.
The aluminium park at Angul is being developed as an exclusive state-of-the-art industrial park for ancillary and downstream industries for alumina and aluminium. The park is the first-of-its-kind in the Indian sub-continent with facility for directly obtaining molten aluminium from the smelter.
A Gujarat-based edible oil manufacturing companys proposal to set up a 750,000 tonnes per annum vegetable oil manufacturing unit at Paradip at an investment of Rs 200 crore was also approved at the meeting. The unit will create employment opportunities for 920 people directly and indirectly, he said.
The SLSWCA also approved the proposal of an Andhra Pradesh based company which will invest Rs 71 crore to manufacture food products like instant pasta, vermicelli and sweet potato flour and provide employment to 300 people, Chopra said.
Odisha is one of the largest producers of sweet potato. It produced 16.38 lakh ton of the vegetable in 2016-17.
Sweet potato flour finds its use in food processing industries and the proposed unit will be first of its kind in the state.
The fifth investment proposal approved by the SLSWCA was an integrated cold chain service of a Kolkata-based company at an investment of Rs 62.10 crore.
The project is planned at the seafood park at Deras in Khordha district and will have employment potential for 250 people, he added.(PTI).
