Government of Odisha approves two more investment proposals worth Rs. 563 crore

Asit Kumar Tripathy Odisha

Chennai: The Government of Odisha has approved two investment proposals worth Rs. 563crore in the 90th State Level Single Window Clearance Authority (SLSWCA) meeting today. These proposals will create more employment opportunities for 1273 people. The projects were approved in Plastics, Downstream Aluminium among others.

The meeting was held under the Chairmanship of Chief Secretary Shri Asit Kumar Tripathy in Lok Seva Bhawan, Bhubaneswar (Odisha) wherein Shri Hemant Sharma, Commissioner-cum-Secretary, Industries outlined the project proposals for consideration.

The SLSWCA approved the proposal of M/s Glen Industries Pvt. Ltd. to set up Plastic Food Containers & Moulded Paper products manufacturing unit with annual capacity of 9261 MT, with a total investment of Rs. 63crore and providing employment to about 273 people.

In a big boost to the State’s Aluminium Downstream sector, the SLSWCA has also been approved the proposal of M/s Jindal Aluminium Limited to set up an expansion for setting up 75,000 MT / annum Aluminium Extrusions plant with an additional investment of Rs. 500crore of capacity and it will provide an additional employment opportunities for 1000 people.

 About Odisha

Located on the east coast of India, Odisha has a coastline of 480 kms along the Bay of Bengal. The modern State of Odisha was formed on 1 April, 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Over the years the state has maintained a unique cultural identity distinct from all of its neighbouring States. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State. This website is a one-stop location for all such information.

 About IPICOL: 

Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for The state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha undertakes all activities to promote Odisha as the investment destination of choice.

About Neel Achary 18722 Articles
Neel Achary is the editor of Business News This Week. He has been covering all the business stories, economy, and corporate stories.