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Regular-article-logo Tuesday, 05 November 2024

Naveen launches industry projects

15 industrial projects to collectively invest Rs 1807.92 crore in Odisha

Our Correspondent Bhubaneswar Published 03.11.18, 05:53 PM
Chief minister Naveen Patnaik at the ground-breaking ceremony in Bhubaneswar on Saturday.

Chief minister Naveen Patnaik at the ground-breaking ceremony in Bhubaneswar on Saturday. Picture by Ashwinee Pati

Chief minister Naveen Patnaik on Saturday performed the ground-breaking ceremony for 15 industrial units which will collectively invest Rs 1807.92 crore.

Naveen said: “I am pleased to note that we are grounding industrial projects at a fast pace. I am particularly happy to note that the private industrial park policy of my government has found good response from investors and we have performed ground-breaking of the industrial park at Dhamra, which will promote port-led manufacturing in the state.”

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“In less than one year, we have done the ground-breaking or inauguration of 64 projects which have created employment opportunities for more than 30,000 youths. This has only reaffirmed our position as the number one state in implementation of live manufacturing investments, ” he said.

Naveen said that the government’s focus was to diversify industrial growth across the state. The maize processing plant at Nabarangpur will contribute significantly in creating new job opportunities for the people in the industrially-backward district. The 15 industries for which ground breaking has been conducted on Saturday will provide employment to more than 8,800 people across Odisha.

The High-Level Clearance Authority (HLCA) headed by Naveen cleared six mega manufacturing proposals entailing investments of Rs 25,845 crore. These large-scale manufacturing units have the potential to create 13,700 jobs across the state.

Chiripal Poly Films Limited proposed to set up a plant in Paradip at an estimated cost of Rs 1,100 crore to produce flexible packaging materials.

Hindalco Industries Limited will establish a downstream unit at Lapanga in Sambalpur with an investment of Rs 5,000 crore to produce aluminium flat-rolled products.

National Aluminium Company (Nalco) will set up another downstream unit at an estimated cost of Rs 5,522 crore at Kamakhyanagar in Dhenkanal to manufacture aluminium alloy wheel, aluminium foil, aluminium rolled products and extrusions.

Vedanta will establish a Rs 6,500-crore chemical unit at Dhamra in Bhadrak district to produce caustic soda and chemical byproducts. Vedanta will also expand its aluminium smelter unit at Bhurkhamunda in Jharsuguda by spending Rs 1,240 crore and its alumina refinery unit at Lanjigarh in Kalahandi by spending Rs 6,483 crore.

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