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Odisha Govt approves 6 mega manufacturing proposals to diversify industrial growth

Updated: Nov 05, 2018 05:53:39am
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Odisha Govt approves 6 mega manufacturing proposals to diversify industrial growth

New Delhi, Nov 5 (KNN) In the run-up to the second edition of ‘Make in Odisha’ conclave 2018 that will begin from November 11, the High Level Clearance Authority (HLCA) headed by Chief Minister Naveen Patnaik cleared six mega manufacturing proposals entailing investments to the tune of Rs 25,845 crore.

The Chief Minister performed ground-breaking ceremony for 15 industrial units worth Rs 1807.92 crore through video-conferencing.

He said that 15 industries for which ground-breaking was conducted will provide employment to more than 8,800 people. 

The state's industrial plan includes seafood as a strategic priority contributed over half of 15 investment intents. 

The other investment proposals are from diverse sectors including cement, plastics, infrastructure and logistics, textile and apparel and downstream metal units.

On the occasion, Patnaik said that sate’s private industrial park policy has seen good response from the investors. 

In less than one year, the state has approved 64 projects which have created employment opportunities for more than 30,000 youths which shows Odisha as number one State in implementation of live manufacturing investments, he added. 

"Our focus is also to diversify the industrial growth,” said Patnaik.

He further added that the maize processing plant at Nabarangpur will contribute significantly in creating new job opportunities for the people in the industrially backward district.

Under the projects approved, Welspun Orissa will set up an industrial park in Bhadrak district with an investment of Rs 300 crore while Surya Foods will invest Rs 108.99 crore for a biscuit manufacturing unit in Khurdha.

The HLCA cleared 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 production of caustic soda and chemical by-products at Bhadrak with an investment of Rs 6,500 crore.

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