The State Level Single Window Clearance Authority on October 1st cleared 16 investment proposals worth INR 6500 crore while 15 other proposals, each entailing an investment of over INR 1000 crore were referred to the High Level Clearance Authority.

The investment proposals approved by SLSWCA include five in the steel sector, four in the cement sector, two in ancillary industries and one each in food processing, power, paper manufacturing and engineering. Together, these 16 projects have the potential to generate direct employment for 15,000 people besides generating 25,000 indirect jobs.

These proposals were given the go ahead at the 35th meeting of the SLSWCA chaired by the state chief secretary Mr BK Pattnaik.

Mr Saurabh Garg state industries secretary said that "The SLSWCA today cleared 16 investment proposals in different sectors while 15 other proposals were referred to the HLCA. The 16 projects approved today would create direct employment for 15000 and indirect employment for 25,000 people.”

Elaborating on the project proposals, Mr CJ Venugopal CMD of Industrial Promotion and Investment Corporation of Orissa Ltd said that "In the cement sector, Binani Cement has proposed to set up a one million tonne per annum cement grinding unit at Dhamara at an investment of INR 150 crore. Shree cement aims to invest INR 650 crore in setting up a 2 million tonne per annum cement manufacturing plant at Gatitnagar in Sundergarh district."

Similarly, Kolkata based ICore Cement has proposed to set up a three million tonne per annum cement grinding unit at Balasore at a cost of INR 280 crore. The other investor in the cement sector Kalinga Infra Projects intends to set up a one million tonne per annum cement manufacturing plant at Sambalpur at an investment of INR 170 crore.

Among the investments in the steel sector- Neepaz Dagra Steel has lined up an investment of INR 945 crore form setting up a 0.4 million tonne per annum steel plant a Rairangpur in Mayurbhanj district. Another investor which has proposed to set up a Greenfield steel plant is Kolkata based GM Iron & Steel Company. The company has proposed to set up a 0.18 million tonne per annum steel unit at Karanjia tehsil in Keonjhar district at a cost of INR 320 crore.

Action Ispat Ltd has proposed to expand its steel manufacturing capacity at Sambalpur from the existing 0.25 million tonne per annum to 0.8 million tonne per annum. The expansion plan will cost INR 993 crore.

TATA Steel has planned to set up a silicomanganese plant at Nayagarh in Keonjhar district at an investment of INR 138 crore.

The SLSWCA also cleared the plan of Jindal Steel & Power Ltd for setting up a downstream steel park at Parang in Angul district at an investment of INR 500 crore.

(Sourced from BS)