In a bold move to promote industrialization in Odisha, the state government approved 26 projects on Wednesday, July 10, totaling approximately INR 5,993 Crore. These initiatives hold the promise of creating around 19,364 jobs. The State Level Single Window Clearance Authority (SLSWCA) greenlit projects spanning various sectors. These include steel, chemicals, renewable energy, textiles, manufacturing, infrastructure, information technology, and tourism across 14 districts.
Steel sector:
The steel sector particularly thrived with numerous expansion projects, fostering industrialization in Odisha. For instance, GM Iron and Steel Company plans to build a 0.23 MTPA integrated steel plant along with upstream and downstream facilities, and a 45 MW captive power plant in Mayurbhanj, investing around INR 745 Crore and creating 870 jobs.
Similarly, Shree Ganesh Metaliks will expand its integrated steel plant in Sundargarh, with an estimated project cost of INR 605 Crore, providing jobs for 3,239 individuals. Times Steel and Power also aims to expand its existing plant in Sundargarh with an estimated investment of INR 433 Crore, generating around 615 jobs.
Chemical sector:
The chemical sector witnessed substantial investments as well. Eternis Fine Chemicals will establish a perfumery ingredient manufacturing unit in Ganjam with an estimated investment of INR 300 Crore, creating 400 jobs. Odisha Chemtech Private Limited will develop a specialty chemical production unit in Jagatsinghpur in two phases, investing approximately INR 149 Crore and generating 150 jobs.
Furthermore, Indian Explosives Private Limited will set up a commercial bulk explosives manufacturing unit in Keonjhar with an estimated investment of INR 55 Crore, creating around 126 jobs.
Renewable sector: In the renewable energy sector, Envirocare Infrasolution will build a 100 MW ground-mounted solar photovoltaic power plant in Boudh, investing approximately INR 351 Crore. Additionally, Solisys Solar will establish a manufacturing facility for solar modules in Khurda, investing around INR 60 Crore.
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Textiles sector:
The textiles and apparel sector also flourished. Shree Hari Spinners will set up a cotton yarn spinning unit in Sundargarh with an estimated investment of INR 130 Crore, generating 700 jobs. Indian Stitches Private Limited (ISPL) will launch a garment manufacturing facility in Khurda, investing around INR 50.55 Crore and creating 1,028 jobs.
Manufacturing sector:
Further fueling the industrialization, the manufacturing sector in Odisha saw noteworthy projects. Rushil Decor Ltd will develop an MDF and pre-laminated MDF manufacturing unit in Koraput, investing approximately 504 Crore and generating 285 jobs.
In the food processing sector, Nandaraj Agrotech Private Limited will set up a manufacturing unit for spices and snacks in Khurda with an estimated investment of INR 93 Crore, creating 882 jobs.
Overall, these ambitious projects collectively drive industrialization in Odisha, fostering economic growth and job creation throughout the region.
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