By Bizodisha Bureau, Bhubaneswar, September 18, 2018: The State Level Single Window Clearance Authority (SLSWCA) cleared seven investment proposals worth Rs 7416 crore. The projects proposed across sectors- steel, downstream industries in metals and minerals and plastics, promise employment opportunities for 4454 people.

The Authority approved the projects during its 80th meeting held under the chairmanship of chief secretary Aditya Prasad Padhi an official release said.

The proposal by National Aluminium Company (Nalco) to set up an aluminium downstream unit to manufacture aluminium alloy wheel, aluminium foil, aluminium rolled products and aluminium extrusions near Kamakhyanagar, Dhenkanal with an investment of Rs 5522 crore was recommended to High Level Clearance Authority headed by the chief minister for final approval. This will create employment opportunities for 1,761 people.

The SLSWCA also approved a proposal by the Hyderabad-based company to set up a manufacturing unit for pre-engineered building (PEB) including structural steel members at an investment of Rs 58 crore at Cuttack. The plant’s production capacity will be 50,000 tonnes per annum and the project will create direct and indirect employment for 550 people. This will add value to the primary metal being produced in the state.

A Kolkata-based company’s proposal to establish a manufacturing unit for Polypropelene (PP) woven bags at Paradip Plastic Park also received the SLSWCA’s nod. The unit will invest Rs 72 crore and create direct and indirect employment opportunities for 625 people. This is indicative of rising investor interest in Paradip Plastic Park after groundbreaking was done for two units last month.

The third proposal approved in the meeting was that of a Kolkata-based company which aims to set up a plant of 8,000 tonnes per annum capacity of ductile iron fittings at Kalinganagar Industrial Complex, Jajpur with a total investment of Rs 51 crore. The plant will create employment opportunities for 615 people.

A Ghaziabad-based company’s proposal to establish three lakh tonne per annum (mtpa) rolled and processed steel plant, 1.2 lakh mtpa and an LPG cylinder manufacturing unit with capacity of 2,500 cylinders per annum was approved in the meeting. The cumulative investment committed by the company was Rs 238 crore and this would create direct and indirect employment for 270 people.

The other proposal approved in the meeting was from a Kolkata-based group which proposed to set up a four mtpa iron ore pelletisation plant at Dhenkanal with an investment of Rs 625 crore. This large project shall create employment opportunities for 167 people. The same group’s other proposal to set up a four mtpa iron ore beneficiation plant at Sundargarh and laying of 200 km iron ore slurry pipeline in Dhenkanal at an investment of Rs 850 crore also received approval. This project will create direct and indirect employment for 466 people.