info@investodisha.org

Toll Free Helpline - 1800 345 7111 ( Timing 10.00 AM to 6.00 PM on working days )

Investment proposals worth Rs 53 crore approved in Odisha

Thu, 01st Jun 2017 (Source:Financial Express)

The State level Single Window Clearance Authority (SWCLA) in Odisha today approved investment proposals worth Rs 53 crore to a company. The SWCLA also recommended another project with investment intent of Rs 4,329 crore to the High Level Clearance Authority (HLCA). The SWCLA meeting chaired by chief secretary A P Padhi took up two new investment projects for consideration.

“The two projects were worth Rs 4,329 crore. Of the two projects, one was given in principle approval to the committee and the other was recommended to the High Level Clearance Authority for consideration, an official said. The investment proposal of Richbird Drinking Water Private Limited that proposed to set up a structural steel fabrication unit at Kalunga under Sundargarh district with investment of Rs 53 crore was approved in the meeting, they said.

The proposed unit will have facilities for fabrication of ducting and miscellaneous items of general steel fabrication with an installed capacity of 12,000 MT per annum. It will create employment opportunities for 185 people.

The project required around 19 acres of land for the unit. The land has already been identified at Kalunga. The water requirement is only around 10 cubic metre per day for drinking and other general use. The company would use the mild steel and stainless steel channel, plate and angles as its raw material, the official said.

The proposal of Gas Authority of India Limited (GAIL) for supply of natural gas in major industrial hubs and city gas distribution for Cuttack and Bhubaneswar with a total investment of Rs 4,276 cr was also taken up for discussion in the meeting. The company will have its natural gas pipeline in Bhadrak, Jajpur, Dhenkanal, Angul, Jharsuguda, Sundargarh, Sambalpur, Deogarh, Cuttack, Kendrapara, Jagatsinghpur, Puri and Khurda districts, officials said.

The committee also reviewed the project facilitation works of district level single window clearance authorities, regional industries centres and district industries centres. So far these committees have considered 321 projects with investment potential of around Rs 1,147,28 crore and employment potential of 11,664. As of now, 25 industries have started production, and 86 are in various stages of completion

Other News

Investible ProjectsInvestible Projects
mersin escort adana escort mersin escort alanya escort sohbet hatları murat altındere
ReformsEODB Reforms
Investers GuideInvestor's Guide