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Bhubaneswar, 24/9/2024 ( Odisha Samachar / Rajat Mohapatra )-The Odisha State Government achieved a significant milestone today during the 131st SLSWCA meeting, chaired byShri Manoj Ahuja, IAS, Chief Secretary. The meeting resulted in the approval of 31 innovative projects, collectively valued at Rs4,954.26 Crore. These investments span various sectors and are set to transform Odisha’s economic landscape, reinforcing its status as a leading investment destination. Furthermore, the approved projects are expected to create approximately 24,162 new job opportunities, contributing to the region’s overall economic development and employment growth.
The SLSWCA today approved a series of projects spanning various sectors, including Mechanical & Electrical Capital Goods, Food Processing, Packaging, Apparel & Textiles, Bio-Fuel, Green Energy Equipment, ESDM, Steel (Ancillary), Non-Metallic Mineral Products (Refractory Products), Steel (Downstream), Plastics, Food, Beverage & Allied Sectors, Agro Processing, Tourism, Power & Renewable Energy and Pharmaceutical. The projects will be implemented across districts such as Khordha, Baragarh, Sonepur, Sambalpur, Jharsuguda, Angul, Jajpur, Bhadrak, Cuttack, Jagatsinghpur, Balasore, Rayagada, Dhenkanal, Puri, Paradeep, Koraput, Kendrapara, Mayurbhanj, Sundergarh. The total investment of Rs4,954.26 Croreis expected to create 24,162 employment opportunities in the state.
In the mechanical and electrical capital goods sector, Polimiroir India Private Limited will manufacture, coat, and service industrial steel rollers with a capacity of 3,000 units per annum, investing Rs128.00 Crores and generating 200 jobs. Danieli India Limited is establishing a manufacturing facility at a cost of Rs190.00 Crores, expected to create 380 jobs. Parth Electricals and Engineering Private Limited will focus on electrical equipment manufacturing with an investment of Rs51.00 Crores, providing 145 jobs.
In the food processing sector, Bisleri International Private Limited is setting up a beverage manufacturing unit with an investment of Rs95.00 Crores, creating 426 jobs. Jay Bharat Spices Private Limited will establish a corn starch manufacturing unit with a capacity of 68,000 MTPA, investing Rs50.00 Crores and generating 200 jobs. GAK Rice Private Limited is investing Rs70.15 Crores in a modern integrated rice mill with a capacity of 1,44,000 TPA, providing 95 jobs.
In the packaging sector, Shalimar Glass Works Private Limited is developing a packaging container glass manufacturing unit with an annual capacity of 1,09,500 MT, investing Rs475.54 Crores and creating 450 jobs.
In the apparel & textiles sector, FM Denim and Twills Pvt. Ltd. is establishing a denim textile and garments manufacturing unit, investing Rs130.00 Crores and generating 4,500 jobs. Tripathaga Textiles will create a readymade garments manufacturing unit with a budget of Rs53.00 Crores, providing 1,500 jobs.
In the Bio-fuel sector, Bharat Petroleum Corporation Limited is investing Rs200.00 Crores in a compressed biogas and fermented organic manure plant, creating 30 jobs. Reliance Bio Energy Limited is setting up two plants—one in Sonepur and another in Sambalpur—each with an investment of Rs121.21 Crores, providing 138 jobs.
In the green energy equipment & ESDM sector, Surya International Enterprise Pvt. Ltd. is investing Rs80.00 Crores in manufacturing solar modules and related products, expected to create 769 jobs.
In the downstream-aluminium sector, Mogli Labs India Pvt. Ltd. is establishing an aluminium cable and wire manufacturing plant in Angul, investing Rs65.00 Crores and creating 215 jobs.
In the steel (ancillary and downstream) sector, Calderys India Refractories Limited is investing Rs698.71 Crores in a manufacturing facility for various refractory products, with an employment potential of 375. Nawneet Marketing Pvt Ltd will establish an HR/CR coil processing unit and tube manufacturing unit in Jajpur, costing Rs85.14 Crores and providing 227 jobs. Gajanan Prabhu Saw Pipes Private Limited will invest ₹80.00 Crores in a spiral welded pipe manufacturing unit, creating 274 jobs.
In the metal ancillary & downstream sector, Neptunus Ship Builders & Recyclers Private Limited is establishing an integrated ship recycling industry with an investment of Rs934.54 Crores, expected to create 11,536 jobs.
In the plastics sector, Sanyam Tie Up Private Ltd will set up a manufacturing unit for plastic products and recycling in Khurdha, investing Rs51.00 Crores and providing 129 jobs.
In the agro processing sector, Maa Chinnamastika Energy Private Limited is investing Rs104.00 Crores in a grain-based ethanol plant, creating 440 jobs. IMFA (Indian Metals & Ferro Alloys) Ltd is establishing a grain-based ethanol plant in Rayagada with a budget of Rs 139.90 Crores, providing 135 jobs.
In the tourism sector, SNM Hotel and Resorts Private Limited is developing a hotel cum resort in Puri with an investment of Rs212.25 Crores, creating 205 jobs. Mayfair Hotels & Resorts Ltd is augmenting its facilities at Paradip Panthanivas, investing Rs105.00 Crores for 300 jobs. GM Infra-Tech Ltd is expanding a proposed resort in Koraput with an investment of Rs81.11 Crores, providing 360 jobs. Crackers India Infrastructures Ltd is setting up a 4-star resort in Kendrapara with an investment of Rs56.00 Crores, generating 200 jobs. Hotel Sonar Bangla Simlipal is developing an eco-friendly resort in Mayurbhanj at a cost of Rs51.04 Crores, providing 168 jobs.
In the power & renewable energy sector, Hindalco Industries Ltd is investing ₹294.00 Crores in a 60 MW captive ground-mounted solar power plant, creating 90 jobs.
In the pharmaceutical sector, Amritash Healthcare Pvt. Ltd. is establishing a manufacturing unit for large volume parenterals in Khurdha, investing Rs51.85 Crores and providing 177 jobs.
In the infrastructure sector, Bain Global Resources LLP is setting up a private freight terminal under the Gati Shakti Multi-Modal Terminal scheme in Sundergarh, with an investment of Rs68.04 Crores and a potential of 250 jobs.
These projects represent a substantial commitment to diverse sectors across Odisha, collectively valued at Rs4,954.26 Crores and promising the creation of 24,162 jobs.
Odisha continues to witness a surge in investments across various sectors, fostering economic growth and employment opportunities throughout the state. Hon’ble Chief Minister Shri Mohan Charan Majhi’s effective leadership is turning Odisha into a sought-after global investment destination, and his visionary approach and dedication to sustainable and inclusive growth set a remarkable standard for the state’s overall development.
