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Odisha govt approves eight investment projects worth Rs 1 250 crore

Updated: Jul 26, 2023 05:16:01pm
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Odisha govt approves eight investment projects worth Rs 1 250 crore

Bhubaneswar, Jul 26 (KNN) The Odisha government on Tuesday approved eight investment projects worth Rs 1,250 crore.

The approval was accorded at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary P K Jena. The projects are expected to generate employment for 3,640 people.

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The approved projects from the textile and apparel sector include BK International Private Limited’s manufacturing unit for socks and Mamata Fabrics Private Limited's readymade garments manufacturing unit.

Three agro-processing projects also received the green light for the production of grain-based ethanol, with a combined investment of approximately Rs 810 crore, generating employment for around 500 people, in Western Odisha along the Biju Economic Corridor.

In the Mining and Metallurgy sector, Vedanta Limited’s proposal to set up a 4.5 MTPA iron ore beneficiation plant has been approved. This project is estimated at an investment of Rs 80 crore and is expected to provide employment to 152 people and enhance the state’s capabilities in steel beneficiation.

Amongst other approved projects include a project by Nezone Tubes Utkal Limited to expand its existing facility by establishing a manufacturing unit for 1,60,000 MT MS square and rectangular pipes and tubes, entailing an investment of Rs 105.00 crore and generating employment for 50 individuals, both at Kalinga Nagar in Jajpur.  (KNN Bureau)

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