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Odisha approves fresh investment proposals worth Rs 1189 crore

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Bhubaneswar: The state has already approved investment proposals worth Rs 1.10 lakh crore after the event in Bhubaneswar and investors’ meet in Mumbai and Bengaluru. The State Level Single Window Authority (SLSWCA) today sanctioned fresh investments of Rs 650 crore from Emami Paper Mills Ltd, Rs 430 crore from Ambuja Cements Ltd and Rs 108 crore from Surya Foods and Agro Ltd.

Industrial development in the state is on fast track after successful Make in Odisha Conclave and the implementation of a Business Reforms Program, which has led Odisha as a leader in the implementation of business reforms.

With the approval from SLSWCA, Emami Paper Mills will expand their multi-layer coated manufacturing plant at Balgopalpur Industrial Estate which is expected to generate around 1750 direct and indirect employment opportunities.

Proposal of Ambuja Cements to set up a 1.5 MTPA cement grinding unit at Industrial Growth Center, Jharsuguda has also been approved by the SLSWCA today.

Similarly, the proposal from Surya Foods and Agro Ltd (SFAL) has also been approved and the company will set up a biscuit manufacturing unit of 60,000 TPA at Khordha Food Park.

Chief Minister Naveen Patnaik has set a Vision 2025 of attracting investments worth Rs 2.5 lakh crore and creating employment opportunities for 30 lakh citizens of the state.

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