Bhubaneswar 29 Aug : The Odisha government Monday approved 10 investment plans that total $205 million, which will create employment opportunities for more than 3,500 individuals in the state, according to officials.The State Level Single Window Clearance Authority (SLSWCA) headed by Chief Secretary Suresh Chandra Mahapatra has approved the investment proposal, which includes the project of Rs 775 crore through Balento Enterprises Private Limited.
The company is planning to build 5 mtpa (million tonnes per year) iron ore beneficiation facility and a 3 mtpa pellet plant in Jhumpura in Keonjhar district according to officials.
The state government endorsed the plan of United Ferrocast Private Limited to establish an 0.11 millimetric tons ferro alloys plant in Badchana in Jajpur district with an investment of the amount of 261.1 crore.
The proposals to establish an pharmaceutical manufacturing and research unit in Gothapatna, Bhubaneswar against an investment of 200 crore and carbon electrode paste production plant in Danagadi in Jajpur district with an investment of around 205.44 crore were granted approval by the Odisha government.
Similar to that as the SLSWCA has approved the plans to set up a chemical manufacturing facility (Rs 135.95 crore) located in Paradeep in Jagatsinghpur district as well as a manufacturing unit for jams, sauces and marmalades (Rs 88 crore) in Tangi-Choudwar, Cuttack district and a shrimp processing facility (Rs 50.40 crore) in Seafood Park, Deras, Khordha district.
The panel has endorsed the plan of Runaya Aluminium Private Limited (RAPL) for the establishment of an aluminium powder plant of 5,000 MT and pigments plant in Jharsuguda district with an investment of the amount of Rs 80 crore.
Mayfair Hotels & Resorts Ltd received approval for the expansion of their current facility Mayfair Palm Beach Resort with an investment of 85 crores in Gopalpur-on-Sea, in Ganjam district.
The idea of establishing of an warehousing cum logistics park in Baghuapal in Jajpur district, despite the investment of Rs 125 crore also got the state government approval on Monday.
In addition the Odisha’s Chief Minister Naveen Patnaik will meet with diplomats of 16 nations in Delhi on the 31st of August.He will ask them to impress the investors of their nations to make an investment in Odisha.
It is notable that notably, the Make in Odisha Conclave, the biennial summit of investors of Odisha will be held between November 30 and December 4.
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