Odisha approves investment proposals worth Rs 1,325 crore

Odisha today approved investment proposals of Rs 1,325 crore from Chettinad Cement Corporation, North Eastern Electric Power Corporation Limited (NEEPCO) and Ramky Enviro Engineers Limited.

The three proposals if implemented will create employment opportunity for 665 people.

The investment proposals got the nod at the State-level Single Window Clearance Authority (SLSWCA) meeting chaired by chief secretary A P Padhi.

With the required approval from the SLSWCA, Chettinad Cement Corporation will set up a green field cement grinding project with a capacity of 2 MTPA at Kalinga Nagar Industrial Complex in Jajpur district at an investment of Rs 231.84 crore.

The proposal from NEEPCO to set up 200 MW solar power plant in the state has also been approved by SLSWCA. The mini ratna company is slated to invest Rs 944.85 crore for the project and the unit is likely to start operations from December, 2019.

The business proposal from Ramky Enviro Engineers Limited has also been approved to set up an integrated common hazardous waste treatment, storage and disposal facility at Katikela in Jharsuguda district at an investment of Rs 148.63 crore.

The company has another unit in Jajpur which is already operational in addition to 14 similar facilities with various capacities in different parts of India.

It has been our endeavor to make Odisha a business-friendly destination by bringing in key business reforms, developing world class infrastructure and establishing sector specific clusters across the state,” industries secretary Sanjeev Chopra said.

In SLSWCA s previous meeting held on June 30, the state government had approved investment proposals worth Rs 1,189 crore from Ambuja Cements, Emami Paper Mills and Surya Foods & Agro.

Chopra said the state government has taken various progressive steps to provide an ideal business ecosystem, create an enabling policy framework and develop state-of-the-art industrial infrastructure to encourage companies across the country to set up or expand their business in the state.



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