Odisha Govt Approves Seven Major Investment Projects Worth Rs 1482 Crore

In a significant move towards bolstering economic development, the State Level Single Window Clearance Authority (SLSWCA) under the guidance of Chief Secretary Pradeep Kumar Jena gave the green signal on Friday to seven major projects, cumulatively valued at Rs 1482 crore. These ventures are poised to be established across various districts, including Khurda, Ganjam, Sundargarh, Keonjhar, Jajpur, Balasore, and Rayagada, according to an official government statement.

Among the notable approvals, Tech AIC DRI Pellets Pvt Ltd secured the go-ahead for setting up a state-of-the-art steel manufacturing plant in Keonjhar district, backed by an investment of Rs 800 crore. Equally noteworthy, MAS Udyat India Pvt Ltd received the state government's approval for an integrated textile facility, with an investment totaling Rs 214.40 crore in Khurda district, reported Deccan Herald.

Further diversifying the industrial landscape, Alenn Steel Industries Pvt Ltd committed an investment of Rs 178 crore to establish a cold-rolled precision pipes manufacturing unit at Kalinganagar in Jajpur district.

The government's nod also extended to Reliance Bio Energy Ltd, with a sanctioned investment proposal of Rs 121.21 crore for the establishment of a compressed biogas and fermented organic manure plant in Balasore district.

Economic Growth Of Odisha

The scope of approved projects doesn't stop there. The government order proposals include Vinner Labs Pvt Ltd (Rs 52 crore), MR Unicast Pvt Ltd (Rs 56.32 crore), and Terrestrial Food Processors Pvt Ltd (Rs 60.6 crore). These ventures, once operational, are anticipated to contribute significantly to the state's economic growth.

This move aligns with Odisha's commitment to fostering a conducive business environment and attracting investments across diverse sectors. The strategically approved projects span key industries, from steel manufacturing to textiles and biogas production, showcasing the state's commitment to comprehensive industrial development.

As the state sets the stage for these projects, the infusion of over Rs 1482 crore into Odisha's economy is expected to create employment opportunities, stimulate local businesses, and further position the state as an attractive destination for investors. With the necessary regulatory clearances in place, these ventures are poised to play a pivotal role in shaping Odisha's economic landscape in the coming years.

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