Single window nod for Rs 9468 crore investment in Odisha

Panel accords approval to nine proposals in food processing and steel sectors.

Published: 30th April 2017 06:05 AM  |   Last Updated: 30th April 2017 06:51 AM   |  A+A-

By Express News Service

BHUBANESWAR: The State Level Single Window Clearance Authority (SLSWCA) on Saturday approved investment proposals worth Rs 9,468.89 crore in five different sectors with potential to create employment for 3,204 people.

The SLSWCA accorded approval to the nine proposals in food processing, plastics, renewable energy and steel sectors worth Rs 1,770.43 crore. The NTPC's proposal for expansion of its thermal power plant capacity of Talcher Thermal Power Station worth investment of Rs 7698.46 crore was referred to the High Level Clearance Authority (HLCA) headed by the Chief Minister.

The approved projects have a potential of creating 3200 additional jobs in the State, Chief Secretary AP Padhi said after the meeting. 

The major proposals which got SLSWCA's nod included Rs 737 crore investment by Ultratech Cement Limited and Rs 232.40 crore steel project of Balasore Alloys Limited. Three projects in renewable energy sector were approved by the single window authority. 

The projects include Rs 241 crore investment by Sakura Premier Solar Private Limited, Rs 57.17 crore proposal of Jyoti Solar Solutions Private Limited and Rs 220 crore project by Topaz Solar Pvt Limited.

In the food processing sector, Coastal Corporation Limited proposed an investment of Rs 51 crore,  Indo-Nissin Foods Private Ltd (Rs 50.44 crore), Oricon Enterprises Ltd (plastics for food processing Rs 120 crore) and Jay Bharat Species Pvt Ltd (Rs 61.42 crore).

Of the four projects in the food processing and allied sectors, Indo Nissin Foods Private Limited promoted by Japan-based Nissin Food Holdings and Mitstubishi Corporation has proposed to invest another Rs 50 crore to expand its manufacturing facility at Khurda, Padhi said.

The State has already promulgated a new Food Processing Policy 2016, which provides competitive incentives and facilitating frame work for investment in the sector. 

Food processing has been identified as one of the six focus sectors by the Government and the State expects to attract Rs 19,800 crore of investment in the sector as per the Vision 2025 for industrial development.

"At least 54 projects with investment of Rs 1,11, 500 crore and employment potential of more than 75,700 jobs have been approved by the SLSWCA since the Make-In-Odisha Conclave held in December, 2016," the Chief Secretary said.



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