Odisha clears 22 projects worth Rs 3,855cr, 7,000 jobs in pipeline | Bhubaneswar News


Odisha clears 22 projects worth Rs 3,855cr, 7,000 jobs in pipeline

Bhubaneswar: Odisha on Thursday cleared 22 investment proposals worth Rs 3,855 crore across 12 districts, spanning manufacturing, biofuel, aerospace and defence, pharmaceuticals, infrastructure and tourism, with the projects having the potential to create more than 7,000 jobs.The proposals were approved at the 151st state-level single window clearance authority (SLSWCA) meeting chaired by chief secretary Anu Garg. The projects cover 11 sectors and are spread across Angul, Balasore, Bhadrak, Cuttack, Ganjam, Jajpur, Jharsuguda, Khurda, Nayagarh, Puri, Sambalpur and Sundargarh, a govt statement said.Tourism accounts for six projects involving Rs 1,035.62 crore and 1,337 potential jobs. Ashirbad Engineering and Construction Private Limited will invest Rs 310 crore in a five-star hotel in Khurda, while Swami Resorts Private Limited plans another five-star hotel there for Rs 153 crore. Other projects include a Rs 150-crore luxury resort and convention centre in Jharsuguda, a Rs 135-crore destination resort in Puri and a Rs 64.04-crore riverfront resort in Cuttack.Paper, packaging and plastics projects account for Rs 1,029.91 crore and 1,960 jobs. Alisha Torrent Closures (India) Private Limited will invest Rs 529.91 crore in Nayagarh to manufacture caps and closures, while Stark Ridge Private Limited plans a Rs 500-crore paper and paper-products unit in Khurda, potentially creating 1,710 jobs.Three compressed biogas projects involving Rs 680 crore could generate 984 jobs. Indian Oil Corporation Limited will invest Rs 360 crore in CBG facilities across Angul, Jajpur and Sambalpur. Kineta Global Limited plans a Rs 170-crore unit in Sundargarh, while Sree Metaliks Bio Energy Limited will invest Rs 150 crore in Balasore.Two aerospace and defence projects in Khurda entail investments of Rs 117 crore and 1,170 potential jobs. Stonehawk Technologies Private Limited will invest Rs 65 crore in a drone and unmanned aerial systems manufacturing facility, while Classic Tecnologistics & Trade Private Limited proposes a Rs 52-crore aerospace manufacturing unit.Three downstream steel and industrial manufacturing projects involving Rs 323.81 crore were cleared for Sambalpur, Jajpur and Sundargarh. Other approvals include a Rs 152.69-crore pharmaceutical unit in Khurda, two chemical and petrochemical projects worth Rs 225 crore, a Rs 209.35-crore integrated logistics park in Ganjam and an Rs 82-crore global competency centre of Linde South Asia Services Pvt Ltd in Khurda.



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