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Odisha Sanctions Rs 3,457 Crore Investment Proposals

Picture Source: Internet

The Odisha government has permitted 18 investment proposals worth Rs 3,457 crore, generating employment for at least 14,436 people.

The proposals were agreed upon at the State Level Single Window Clearance Authority (SLSWCA) presided by chief secretary P K Jena on Thursday. The panel also acclaim 2 Industrial projects to HLCA (High-Level Investment Authority).

Ten of 18 investment tenders were received during the Make in Odisha Conclave 2022. This displayed the massive success of the conclave in fascinating investments and strengthened Odisha’s rank as second among the states in appealing ongoing investments in FY22-23, the official appealed.

Affirming that the state is loyal to converting the investment into ground reality, the official said projects of diverse sectors like metal downstream and ancillary, pharmaceutical, food processing, cement, textile and apparel, IT and ESDM, and Agro Processing got approvals in the SLSWCA meeting.

The approved projects will be designated across various towns, including Jajpur, Khurda, Koraput, Cuttack, Sundergarh, Bhadrak, Sonepur, Bolangir and Boudh districts.

The committee gave a green signal to nine projects in the metal sector, five in the agro and food processing sector and one project each in the textiles, cement, IT and ESDM, and pharmaceuticals segments.

Odisha leads the mining and metallurgy sector owing to its natural resource benefit. The state government further leveraged this to grow a state’s metal ecosystem. While Odisha also endures the leader in manufacturing steel, stainless steel, alumina and aluminium, it emerges as the leader in the metal downstream and ancillary sector.

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