Odisha Govt approves investment proposals worth Rs 608.79 crore

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Bhubaneswar (Odisha) [India], June 30 (ANI): The Odisha authorities on Monday accepted 5 funding proposals price Rs 608.79 crore in sectors like Steel, Meals Processing, and Logistics & Infrastructure, which can generate employment for 1,496 folks within the state.

In a gathering chaired by Chief Secretary Asit Kumar Tripathy, the funding proposals had been accepted at a State Stage Single Window Clearance Authority (SLSWCA).
As per the Industrial Promotion and Funding Company of Odisha (IPICOL), the accepted tasks contains Steel Downstream sector, Iron Ore plant, Pellet Plant, amongst others.
Based on the press launch, “In an enormous increase to the State’s metallic downstream sector, Dependable Sponge Pvt. Restricted is taking a look at establishing an Iron ore beneficiation plant of two.5 million tonnes each year (MTPA) and Pellet Plant of MTPA, with an funding of Rs 250 crore and offering employment to about 250 folks.”
“Whereas Growel Feeds Pvt. Restricted will probably be establishing a Shrimp/Prawn feed and fish feed manufacturing facility, with an funding of Rs 65.82 crore of capability offering employment alternatives for 700 folks
Within the logistics and infrastructure sector. One other investor, Sravan Transport Providers Pvt. Ltd. will probably be establishing a logistics park at Jadupur village of Kendrapada District, with a complete funding of Rs 100 crore and using round further 250 folks,” said the discharge.
The proposal of Chilika Distilleries Pvt. Restricted to arrange 110 KL per day grain-based distillery plant, with an funding of Rs 99.97 crore and can present further employment alternatives for 170 folks. SOM Distilleries and Breweries Odisha Pvt. restricted is taking a look at establishing 120 KLPD capability distillery (Grain-based) unit, with an funding of Rs 93 crore and it’ll present further employment alternatives for 126 folks, it added. (ANI)

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