Odisha approves 3 investment projects worth Rs 864 cr through SLSWCA
Bhubaneswar: The Odisha government on Thursday approved three investment projects worth Rs 864 crore from Vijaynagar Bio-tech, West Coast Paper Mills & Kader Investment and Trading Co with the potential to create 2135 employment opportunities.
The government’s nod to the three projects during the 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 Nabarangpur district with an investment of Rs 59 crore. This project would generate 400 direct and indirect employment opportunities.
Another project which was granted approval is Kader Investment and Trading Co Pvt Ltd, one of the largest seafood exporter for its 10,000 tonne per annum seafood processing unit at Sea Food Park, Deras with an investment of Rs 55 crore. The unit would provide employment to around 1035 people.
West Coast Paper Mills Ltd also got the approval to set up multi-layer double coated paper board manufacturing unit of 1,32,000 tonnes per annum (TPA) capacity and 12 MW captive power plant at Sonepur with a total investment of Rs 750 crore and the project would generate employment for 700 people.
Speaking on the sidelines of SLSWCA meeting, Industries Department Secretary Sajeev Chopra said, “Our main thrust is to make all possible efforts for ease of doing business in Odisha. We are ensuring that all project approvals are in place within 15-30 days. We further aim to bring in more industry friendly measures to allow industries to flourish in the state.”