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Odisha govt approves investment proposals worth Rs 339.27 cr

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Press Trust of India Bhubaneswar
Last Updated : Oct 25 2018 | 9:25 PM IST

The Odisha government on Thursday approved four different proposals envisaging investment of Rs 339.27 crore and employment opportunities for 1,354 people in the state.

The proposals were approved at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary A P Padhi. The investment proposals are for different sectors like downstream industries in metals, logistics and tourism.

While according in-principle approval to the projects, Padhi asked concerned departments to make a realistic assessment of the requirement of land and water for the proposed industrial units.

The SLSWCA accorded approval to two projects in the downstream metals sector. The first proposal was made by a Delhi-based company to set up a manufacturing unit for steel tubes and pipes with capacity of 1,80,000 tonnes per annum (TPA) at an investment of Rs 130 crore, at Kalinganagar Industrial Complex, Jajpur.

The proposed project will create direct and indirect employment for 600 people.

The second downstream proposal approved at the meeting came from a Jamshedpur-based company, which envisaged investment of Rs 92 crore at the same industrial complex, Jajpur, to set up a manufacturing unit of steel doors and windows. The project would create employment for 250 people.

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The third proposal is for a logistics park with warehousing facilities and a 600-KW rooftop solar power plant.

The facility would be utilised for storing FMCG, durable goods, apparel and pharmaceutical products. The project involves investment of Rs 66.79 crore and will create direct and indirect jobs for 362 people.

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First Published: Oct 25 2018 | 9:25 PM IST

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