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regular-article-logo Sunday, 06 October 2024

Odisha government approves 26 projects worth Rs 5,992.92 crores

The Mohan government has approved projects in steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism

Subhashish Mohanty Bhubaneswar Published 12.07.24, 07:23 AM
Mohan Charan Majhi

Mohan Charan Majhi File picture

The Mohan Charan Majhi government has approved 26 projects worth 5,992.92 crores that are likely to transform Odisha’s economic landscape and reinforce its status as a premier investment destination. These projects are expected to create 19,364 potential jobs.

The Mohan government has approved projects in steel, chemicals, renewable energy, textiles, manufacturing, packaging, food processing, IT, infrastructure, and tourism.

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These projects will be implemented in 14 districts — Mayurbhanj, Sundargarh, Sambalpur, Kendujhar, Ganjam, Jagatsinghpur, Khurdha, Jharsuguda, Boudh, Koraput, Balasore, Cuttack, Bhadrak and Puri.

Mayurbhanj, the district from which President Droupadi Murmu hails, has also received the Mohan government’s attention. It has given its nod to GM Iron and Steel Company Limited’s proposal to establish a 0.23 MTPA Integrated Steel Plant along with downstream and upstream facilities and a 45 MW CPP (Captive Power Plant) with an investment of 745.00 crores, creating 870 jobs.

Besides it, proposals that have received the nod include those from Shree Ganesh Metaliks Limited. Times Steel And Power Private Limited, Aryan Ispat and Power Pvt Ltd, Bhaskar Steel And Ferro Alloy Pvt Ltd, Shyamshakti Metals Private Limited, and Cabcon India Limited to set up their manufacturing units.

The chemical sector also saw significant investment. Eternis Fine Chemicals Ltd will set up a perfumery ingredient manufacturing unit in Ganjam with an investment of 300.00 crores, generating 400 jobs. Odisha Chemtech Private Limited will establish a chemical production unit in Jagatsinghpur in two phases, with a total investment of 149.45 crores, creating 150 jobs. Indian Explosives Private Limited will set up a commercial bulk explosives manufacturing unit in Kendujhar with an investment of 54.60 crores, generating 126 jobs.

In the renewable energy sector, Envirocare Infrasolution Private Limited will set up a 100 MW ground-mounted solar photovoltaic captive power plant in Boudh, with an investment of 351.00 crores, generating 60 jobs.

In the textiles and apparel sector, Shree Hari Spinners Private Limited will set up a cotton yarn spinning mill
unit in Sundargarh with an investment of 129.68 crores, creating 700 jobs. Indian Stitches Private Limited (ISPL) will establish a garment manufacturing facility in Khurdha with an investment of 50.55 Crores, generating 1,028 jobs.

In the manufacturing sector, Rushil Decor Ltd will set up an MDF and pre-laminated MDF manufacturing unit in Koraput with an investment of 504 crores, generating 285 jobs.

In the food processing sector, Nandaraj Agrotech Private Limited will set up a manufacturing unit for spices and snacks in Khurdha with an investment of 92.60 crores, creating 882 jobs.

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