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22 Feb 2019·
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Odisha

Odisha Govt Approves Nine Investment Proposals Worth Rs. 1,177.41 Crore

Odisha Govt Approves Nine Investment Proposals Worth Rs. 1,177.41 Crore

Bhubaneswar: The Odisha Government on Friday gave nod to nine investment proposals worth Rs 1,177.41 crore.

The companies such as Hindustan Sanitaryware Industries Limited (HSIL), Om Oil and Flour Mills Ltd , Omjay EV Limiteds, Hindalcos, Mayfair Hotels and Resorts, Star GSM Upakaran Peripherals, C-TEL Infosystems, HIL Ltd and Bharat Petroleum Corporation Ltd have shown their interest to invest in the State.

Their proposals received the State Government’s approval at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary A P Padhi. 
The investment proposals are for various sectors such as sanitaryware, food processing, hospitality, electronics manufacturing and IT services. 

The investment by these companies will create employment opportunities for 6,032 people in the State.

As per sources, Hindustan Sanitaryware Industries Limited (HSIL) gave proposal for setting up a 1,30,000 tonnes per annum unit to manufacture glass containers entailing an investment of Rs 350 crore in Cuttack. The unit will create employment opportunities for 1,200 people.

Flour Mills Ltd (makers of RUCHI brand of spices) is planning to set up a greenfield project to manufacture spices, pasta, noodles, fruit-based beverages, ready-to-cook and ready-to-eat items at Ramdaspur, Cuttack with a total investment of Rs 100 crore. TheThe unit will provide employment opportunities to 1,560 people.

Omjay EV Limiteds sent its  proposal to set up an electric vehicle manufacturing unit at Jajpur with an investment of Rs 52.41 crore to manufacture e-rickshaws and e-scooters with an installed capacity of 50,000 units per annum. The unit will create direct and indirect employment for 122 people, sources said.

Hindalcos proposal to set up a coal gasification plant of 21,000 NM3 (Normal meter cube per hour) at Hirakud, Sambalpur with an investment of Rs 60 crore is expected to create employment for 20 people. 
Mayfair Hotels and Resorts also received the approval to set up a golf resort at Satapada in Puri with an investment of Rs 125 crore. It will create job opportunities for 550 people.

Star GSM Upakaran Peripherals, a Jaipur-based cellular handset and accessories company, received nod to invest Rs 75 crore to set up a unit to manufacture 10 lakh mobile handsets and accessories per annum such as printed circuit boards, battery, charger, power banks and others at the Electronics Manufacturing Cluster at Infovalley on the outskirts of Bhubaneswar. 

The unit will create direct and indirect jobs for 1,300 people. 
C-TEL Infosystems, a Hyderabad-based software company, has proposed to set up a software centre to develop Internet of Things (IoT) software at the Electronics Manufacturing Cluster in Infovalley with an investment of Rs 65 crore. This will create direct and indirect job opportunities for 730 people.

Bharat Petroleum Corporation Ltd's proposal to invest an additional Rs 250 crore to set up a lignocellulosic biomass ethanol bio-refinery plant of capacity 100 KL per day at Bargarh also received nod of the SLSWCA. The expansion plan will generate employment opportunity for 200 people.

HIL Ltd has proposed to set up a manufacturing unit for production of agrochemicals of capacity 10,000 MT at Chatrapur in Ganjam district with investment of Rs 100 crore. It will create employment for 350 people.


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