Amid the COVID-19 pandemic, the State Government on Monday approved investment proposals worth over Rs 9,000 crore that would create employments for 6,525 people.
The 22nd High Level Clearance Authority (HLCA) meeting held under the chairmanship of Chief Minister Naveen Patnaik approved two investment proposals worth Rs 8,850.19 crore.
Dhunseri Ventures Limited’s proposal for setting up a maleic anhydride unit with an annual capacity of 60,000MT at Paradip with an investment of Rs 1,013.29 crore would provide jobs to 350 people.
Another proposal of Rungta Mines Limited (RML) for setting up an expansion of its integrated steel plant project capacity from 0.9 MTPA to 2.85 MTPA with a CPP of 385 MW and a 1.69-MTPA cement plant (in two phases) at Jharbandh of Dhenkanal district with an investment of Rs 7,836.90 crore was approved. This would provide employment to 4,900 people.
During the 91st State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Asit Tripathy, four more investment proposals worth Rs 251.09 crore were approved.
These proposals spread across sectors like metal and metal downstream, textile and apparel and logistics and infrastructure and are likely to generate employment for 1,275 people. This also includes an investment from a Chinese sports shoe manufacturing company.
The proposal of Niren Kumar Anand for setting up footwear manufacturing unit of a capacity of 1 million pieces with an investment of Rs 62.44 crore and employing 620 people was also approved by the SLSWCA.
The proposal of Kashvi International (P) Ltd to set up an addition of 1.2 MTPA iron ore beneficiation plant with an investment of Rs 55.23crore and providing employment to about 50 people also got the approval.
The meeting also gave its nod to the proposal of Purosteel India Pvt Ltd to set up a manufacturing unit such as tubes and pipes PVD coating, furniture fabrication, finished sheets and profiles, trimes plant with an investment of Rs 53.42 crore and providing employment for 200 people.