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Odisha approves 22 industrial projects worth investment of Rs 4,000 crore

Manufacturing  -  Mar 06,2024  - 

Furthering its industrialisation process, Odisha government approved 22 projects worth an investment of Rs 4,066 crore.

The proposals got the state government’s nod at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary PK Jena.

The projects are in different sectors such as green energy equipment, chemicals, textiles and apparel, steel, iron & ferro alloys, aluminium downstream, food processing, power & renewable energy, IT infrastructure and infrastructure & logistics, a release said.

The projects after proper implementation are likely generate 25,525 jobs in 12 districts, officials said.

In the green energy sector, Waaree Clean Energy Solutions Pvt Limited is planning to establish its electrolyser manufacturing plant in Khurda, with a project cost of Rs 435 crore, promising 300 jobs.

In the chemical sector, Shalimar Paints has proposed to set up its unit in Balasore for paints varnish and its applied products project, with an investment of Rs 135 crore. This project is estimated to generate 200 jobs.

Reliance Bio Energy Limited has introduced two new projects on compressed biogas and fermented organic manure in Dhenkanal and Cuttack, with a total investment of Rs 242.42 crore and offering 138 jobs.

SSIL Paint Industries Private Limited intends to manufacture paint and allied products, with investment plans of Rs 150 crore and potentially employing 200 people in Khurda.

In the textile and apparel sector, OFB Tech Private Limited has proposed to set up its project in Khurda at an investment of Rs 857 crore and 15,000 job opportunities.


 

Company : Waaree Clean Energy Solutions Pvt Ltd