By Bizodisha Bureau, Bhubaneshwar, February 11, 2021: Odisha on Wednesday approved eight industrial projects envisaging an investment of Rs 1,242.02 crore.

The eight industrial projects were approved during the 98th meeting of the State Level Single Window Clearance Authority (SLSWCA) under the chairmanship of Odisha Chief Secretary Suresh Chandra Mohapatra. These projects concern the Metal & Metal Downstream, IT & ESDM, Manufacturing, Logistics and Tourism sectors.

Keeping an eye on major reforms, IPICOL has recently submitted the State Reform Action Plan (SRAP) 2020. The reforms, calibrated with the government’s policy initiatives, have helped Odisha attract investments worth Rs 1,20,456.74 crore in the last year across six key sectors.

These industrial projects are expected to render 3,135 employment opportunities.

The projects include a 30,000 MTPA Atomized Iron Powder plant proposed to be set up by SLM Powders Private Limited at an investment of Rs 67.83 crore in IDCO Industrial Estate Kulanga, Sundergarh. This project will generate potential employment opportunities for over 430 persons.

Oricon Enterprises Ltd will set up a manufacturing unit of PET Preforms and Closures (Unit-II) of 24,000 tonnes/annum capacity in Khordha at a cost of Rs 120 crore. This project will employ over 110 persons.

Surya International will set up a manufacturing unit at EMC Park (Info Valley), Khordha at an investment of Rs 67.50 crore. This unit, which will generate potential employment for over 680 persons, will produce solar panels, advanced storage batteries, including Li-ion batteries, electronic products for energy management, electromechanical components, USB data cables, and HDMI cables.

Jagannath Industrial and Logistics Parks Pvt Ltd will set up a logistics park at Tangi Choudwar in Cuttack at a cost of Rs 140 crore, which will employ over 110 persons.
An integrated heavy-beach sands project will be developed by IREL IDCOL Ltd at Krushnaprasad in Puri at a cost of Rs 460 crore. This project will generate potential employment opportunities for over 880 persons.

A 5-star hotel-cum-luxury resort by Pravat Hospitality Pvt Ltd will be developed in Puri with an investment of Rs 135.69 crore. This resort will employ over 350 persons.
Swosti Premium Ltd will develop a 5-star luxury resort in Puri at a cost of Rs 134 crore, generating potential employment for over 310 persons.

A 4-star hotel will be developed by Hotel Eden Roc in Bhubaneswar with an investment of Rs 117 crore, which is expected to generate potential employment for more than 345 persons.