Bhubaneswar, Jan 11 (FN Bureau) Odisha on Wednesday approved fourteen groundbreaking Industrial projects worth Rs.1,713.65 crore These projects were approved at the 127th State Level Single Window Clearance Authority (SLSWCA) meeting, chaired by Chief Secretary Pradeep Kumar Jena. These diverse investments are poised to reshape Odisha’s economic landscape, solidifying its position as a premier investment destination. In a landmark decision, the SLSWCA accorded a series of projects spanning various sectors, including metal downstream & ancillaries, power, pharmaceuticals, plastics, food processing and tourism. The State is set to witness a surge in steel ancillary ventures with Neo Industries Metal Processing Pvt Ltd’s project worth Rs 72.00 crores which will involve chrome plating, grinding, and texturing for a steel unit, boasting a capacity of 16,000 units in two phases in Jajpur. In the stainless steel & ferro alloys sector, Anand Exports takes the spotlight with its comprehensive expansion initiative in Jajpur.
The project encompasses the augmentation of ferrochrome unit capacity of 0.038 MTPA with an investment of Rs 628.00 crores. Asoka Sky Metals Pvt Ltd is set to establish metal downstream unit. This venture, situated in Kalinga Nagar at Jajpur, comes with a project cost of Rs 101.00 crore further enhancing the steel downstream sector. Odisha’s tourism sector is in for a significant boost with the approval of luxury resorts and hotels. Mahindra Holidays and Resorts’s project encompasses setting up a mesmerizing luxury resort at Sonapur Beach near Bahuda River Mouth investing Rs 228.45 Crores T S Beach Resorts Private Limited aims to redefine hospitality with a Convention Centre and 4 Star Hotel at Puri, with an investment of Rs 132.16 Crores. Hotel Rashmi Plaza Opc Private Limited will set up a 4-Star Hotel at Jharsuguda, featuring a project cost of Rs 70.74 Crores.
Jindal Stainless Limited will set up renewable energy with the establishment of a 23.02 MW Captive Roof-Top Solar Power Plant in Jajpur with a project cost of Rs 110.24 Crores. Acechem Remedy Private Limited ventures into pharmaceuticals with the Manufacturing of Tablets, Capsules Ointments and Liquid Oral in Kurki, Puri at an investment of Rs 53.00 Crores. Best Power Equipments India Private Limited will set up a unit for manufacturing of UPS System and Batteries in khurda with a project cost of Rs 52.75 Crores. In the food processing sector, Oribake Private Limited is set to enhance the food processing sector with its manufacturing unit for biscuits and other baked products in Tangi-Choudwar, District –Cuttack. The project with a cumulative capacity of 60,000 MT per annum will set up at a cost of Rs 51.80 Crores. Sun Agro Foods contributes to the food processing landscape with its Modern Rice Mill project in Jajpur at a project cost of Rs 50.43 Crores.
The SMVD PolyPack Limited focuses on the plastics sector with its Manufacturing Unit for PP/ HDPE bags and sacks in Jagatsinghpur with an annual capacity of 10,500 MT at an investment of Rs 61.30 Crores. Techcon India Pvt Ltd will make strides in plastics with its manufacturing unit of Injection moulding plastic products in Khurdha with a project cost of Rs 51.00 Crores. Mediaid Marketing Services Private Limited is set to establish a 7.2 Lakh Nos/Day Syringe Production Unit in Ramdaspur, Cuttack with a project cost of Rs 50.78crore In a collective effort, these fifteen transformative projects, with a cumulative investment of Rs.1,713.65 Crores, are poised to create 5,134 employment opportunities, paving the way for enhanced industrial growth and economic prosperity in Odisha.