STOCK MARKET BSE NSE

Odisha CM Naveen Patnaik performed groundbreaking ceremony for 15 industrial units worth Rs 1807.92 crore

Of the 15 investment intents, food processing including seafood, a strategic priority of the State Government's industrialisation plan, contributed over half of the projects.

Published: 03rd November 2018 10:14 PM  |   Last Updated: 03rd November 2018 10:14 PM   |  A+A-

Naveen Patnaik

Odisha Chief Minister Naveen Patnaik. (File Photo)

By Express News Service

BHUBANESHWAR: In the run-up to the second edition of 'Make in Odisha' conclave 2018, Chief Minister Naveen Patnaik on Saturday performed groundbreaking ceremony for 15 industrial units worth Rs 1807.92 crore through video conferencing from the Secretariat here.

Of the 15 investment intents, food processing including seafood, a strategic priority of the State Government's industrialisation plan, contributed over half of the projects. The other investment proposals are from diverse sectors including cement, plastics, infrastructure and logistics, textile and apparel and downstream metal units. Claiming that his government is grounding industrial projects at a fast pace, the Chief Minister said the State's private industrial park policy has seen good response from the investors.

In less than one year, the State has witnessed ground breaking or inauguration of 64 projects which have created employment opportunities for more than 30,000 youth. "This has only reaffirmed our position as the number one state in implementation of live manufacturing investments. Our focus is also to diversify the industrial growth across the state," he said.

The Chief Minister said that the maize processing plant at Nabarangpur will contribute significantly in creating new job opportunities for the people in this industrially backward district. The 15 industries for which groundbreaking has been conducted today will provide employment to more than 8,800 people.

In addition, the High Level Clearance Authority (HLCA) headed by the Chief Minister cleared six mega manufacturing proposals entailing investments to the tune of Rs 25,845 crore. These large scale manufacturing units have the potential to create 13,700 jobs across the state, official sources said.

Of the 15 projects, Ultratech Cement will set up a cement grinding unit with an investment of Rs 737 crore in Cuttack while Chettinad Cement will set up a cement plant in Jajpur with Rs 231.84 crore investment.

Welspun Orissa will set up an industrial park in Bhadrak district with an investment of Rs 300 crore. Surya Foods will invest Rs 108.99 crore for a biscuit manufacturing unit in Khurdha while P&A Bottlers Pvt Ltd will set up a brewing industry in Dhenkanal with Rs 102 crore investment.

The HLCA clears three proposals of Vedanta Ltd including expansion of alumina refinery at Lanjigarh with an investment of Rs 6,483 crore, aluminium smelter unit at Jharsuguda with investment of Rs 1,240 crore and pr5oduction of caustic soda and chemical by-products at Bhadrak with an investment of Rs 6,500 crore.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

edexworks
flipboard facebook twitter whatsapp