Business

Odisha OK's 3 invt projects of Rs 864 cr

PNS

Odisha Government on Thursday approved three projects involving investment of Rs 864 crore with the potential to create 2135 employment opportunities. The Government’s nod to 3 projects came during 74th meeting of State level Single Window Clearance Authority (SlSWCA) held under the chairmanship of Chief Secretary AP Padhi.

The SlSWCA accorded approval to the proposal of Vijaynagar Bio-tech Pvt limited for setting up 50,000 tonnes per annum maize processing unit at Papadahani of Nawarangpur district with an investment of Rs  59 crore. This project would generate 400 direct and indirect employment opportunities.

This type of agro-based industry will boost socio-economic development of the region and Nawarangpur district, in particular. Another project which was granted approval was Kader Investment and Trading Co Pvt ltd, one of the largest seafood exporter (liberty group company) for its 10,000 tonne per annum sea food processing unit at Sea Food Park, Deras with an investment of Rs 55 crore.