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Government of Odisha’s SLSWCA approves investment proposals worth Rs. 608.79 crore

Bhubaneswar, 29th June, 2020: The Government of Odisha has approved five investment proposals in sectors like Metal, Food Processing, and Logistics & Infrastructure worth over Rs. 608.79 crore which would likely generate employment for 1,496 people in the 92nd State Level Single Window Clearance Authority (SLSWCA) meeting today.

The investment proposals got the go-ahead at a State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Shri Asit Kumar Tripathy at Lok Seva Bhawan, Bhubaneswar (Odisha) wherein Shri Hemant Sharma, Principal Secretary, Industries outlined the project proposals for consideration. 

The SLSWCA approved five planned projects which included the following: 

In a big boost to the State’s Metal Downstream sector, M/s Reliable Sponge Pvt. Limited is looking at setting up Iron Ore Beneficiation plant of 2.5 MTPA and Pellet Plant of 2.0 MTPA, with an investment of Rs. 250 crore and providing employment to about 250 people 

M/s Growel Feeds Pvt. Ltd. will be setting up a Shrimp/Prawn feed and fish feed manufacturing facility, with an investment of Rs. 65.82crore of capacity providing employment opportunities for 700 people 

In the logistics & Infrastructure sector, M/S Sravan Shipping Services Pvt. Ltd. will be setting up a logistics park at Jadupur (Mahakalapada Block) Kendrapada District, with a total investment of Rs. 100 crore and employing around additional 250 people. 

The proposal of M/s Chilika Distilleries Pvt. Ltd. to set up 110 KLPD grain based distillery plant, with an investment of Rs. 99.97 crore and will provide additional employment opportunities for 170 people.

M/s SOM Distilleries & Breweries Odisha Pvt. Ltd. is looking at setting up 120 KLPD capacity distillery (Grain based) unit, with an investment of Rs. 93 crore and it will provide an additional employment opportunities for 126 people.

About Odisha

Located on the east coast of India, Odisha has a coastline of 480 kms along the Bay of Bengal. The modern State of Odisha was formed on 1 April, 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Over the years the state has maintained a unique cultural identity distinct from all of its neighboring States. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State. This website is a one-stop location for all such information.

About IPICOL: 

Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for The state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha undertakes all activities to promote Odisha as the investment destination of choice.
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