State Level Single Window Clearance Authority of the Government of Odisha, headed by the Chief Secretary, approves seven investment proposals generating employment opportunities for over 2,144 persons in the state.
Government of Odisha: The 102nd meeting of the State Level Single Window Clearance Authority (SLSWCA) held today under the chairmanship of the Chief Secretary of Odisha, Shri Suresh Chandra Mahapatra (IAS) approved 7 industrial projects including 3 grain-based Ethanol plants to the tune of INR 2083.88 crore. Other projects belong to the Renewable Energy, Logistic and Tourism sectors. These industrial projects are further expected to create employment opportunities for 2,144 persons in the state.
The details of the seven projects for which in-principle approval was accorded by SLSWCA is listed below:
● A 500 KLPD grain-based Ethanol Plant and 8MW Co-gen Power Plant by Indian Oil Corporation Ltd against an investment of INR 870 crore to be set up in Balgopalpur Industrial Estate, Balasore, which will generate potential employment opportunities for over 194 persons.
● A 500 KLPD grain-based Ethanol Plant (in two phases) by Hindustan Petroleum Corporation Limited against an investment of INR 500 crore to be set up in Umerkote, Dist – Nabarangpur, which will generate potential employment opportunities for over 240 persons.
● A 100 KLPD grain-based ethanol plant along with Compressed Biogas(CBG) plant of 12 TPD capacity and 2.20 MW Co-gen power plant by Newalt Energy Private Limited against an investment of INR 125 crore to be set up at Nuakheta, Bantala, Dist – Angul, which will generate potential employment opportunities for over 650 persons.
● A Multi-Modal Logistics Park by International Cargo Terminals and Infrastructure Private Limited against an investment of INR 150 crore to be set up at Kujang, Dist – Jagatsinghpur, which will generate potential employment opportunities for over 100 persons.
● An 18.75 MW Solar Power Plant by Aditya Birla Renewables Limited against an investment of INR 89.44 crore to be set up at Saintala, Dist – Balangir, which will generate potential employment opportunities for over 28 persons.
● A 5-star hotel by Atmosphere Core India Private Limited against an investment of INR 184.64 crore to be set up at Bhubaneswar, Khurdha, which will generate potential employment opportunities for over 469 persons.
● A 5-star hotel by D N Homes Private Limited against an investment of INR 164.80 crore to be set up at Chandaka Industrial Estate, Khurdha, which will generate potential employment opportunities for over 463 persons.
Government of India has fixed a target of 10% blending of fuel-grade ethanol with petrol by 2022 and 20% blending by 2025. The 3 approved units will surge to the existing capacity and help reduce the carbon footprint.
Odisha is an industry upcoming state. The number of companies investing and commencing operations in the state have been phenomenal last couple of years and such diversification of industries will further enhance industrial growth.
About Odisha:
Located on the east coast of India, Odisha has a coastline of 480 km along the Bay of Bengal. The modern State of Odisha was formed on 1 April 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Over the years the state has maintained a unique cultural identity distinct from all of its neighbouring States.
Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State. This website is a one-stop location for all such information.
About IPICOL:
Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice.
This article is shared with Prittle Prattle News in the form of a Press Release.
By Reporter
