Odisha govt approves investment proposals worth ₹3,878 crore in different sectors

Bhubaneswar, Jun 13 (PTI) The Odisha government on Friday approved 17 investment proposals worth ₹3,878.86 crore which will generate 10,584 new employment opportunities in 11 districts of the state, an official said.

The investment proposals were approved at the State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Manoj Ahuja.

The approved projects were in different sectors like plastics, technical textiles, textiles & apparel, ESDM, food processing, power & renewable energy, tourism, logistics & infrastructure, chemicals, and steel, the official said.

The plastic sector received six investment proposals. Greenwave Circularity Private Limited will set up a recycled flakes, pellets, and resin manufacturing facility with a capacity of 4,04,150 MT in Khurda at an investment of ₹650.23 crore and generate 600 jobs.

Gurumaharaj Mining & Industries Private Limited also plans to invest ₹239.07 crore to manufacture underground pipelines (UGPL) with an annual capacity of 2,50,000 metres, creating 860 jobs in Khurda.

Supreme Industries Limited will establish a unit for plastic products in Cuttack with an investment of ₹175 crore, generating 165 jobs while Lucro Plastecycle Private Limited plans to set up a post-consumer plastic recycled (PCR) granules and products unit in Jagatsinghpur district with an investment of ₹100 crore, generating 1,615 jobs, the official said.

Royal Touch Fablon Private Limited will manufacture PP woven sacks, bags, and yarn liners with a capacity of 9,600 TPA in Balasore district with an investment of ₹60.78 crore, generating 600 jobs.

In the textiles and apparel sector, MAS India Clothing Private Limited will set up a textile processing mill (Fabric Mill–1) at Khurda with an investment of ₹885 crore, generating 1,700 employment opportunities. Additionally, Isolloyd Engineering Technologies Limited will establish a manufacturing unit for ceramic fibre and related products in Jajpur with an investment of ₹51 crore, creating 175 jobs in the technical textile segment.

Heraeus Technologies India Private Limited will set up an advanced manufacturing unit for metallurgical sensors, instruments, and allied accessories at EMC Park, Info Valley, Khurda with an investment of ₹188.46 crore, generating 400 jobs. Addsoft Technologies Private Limited will establish a facility for LED TVs, IoT devices, interactive panels, self-service kiosks, and video wall systems in Cuttack with an investment of ₹112 crore, creating 330 employment opportunities.

In food processing and allied sectors, Ganesh Consumer Products Limited proposed to establish a 48,000 TPA roller flour mill in Khurda with an investment of ₹52.38 crore, creating 110 jobs. Ranisati Green Biofuels Private Limited will set up a 100 KLPD grain-based ethanol plant in Harbhanga, Boudh with an investment of ₹110 crore, expected to generate 260 employment opportunities.

In power and renewable energy sector, Iron Triangle Limited plans to invest ₹310.75 crore to set up a 200 MWh Battery Energy Storage System in Bolangir district, generating 128 jobs. This will strengthen Odisha's commitment to a cleaner, energy-efficient industrial future, an official in the industry department said.

The steel sector also received investment proposals with Samaleshwari Ferrometals Private Limited planning to expand its sponge iron plant into a 0.5 MTPA integrated steel plant in Sambalpur. The ₹400 crore project is expected to create 350 employment opportunities.

In the tourism sector, Raysons Enterprises Private Limited will set up an eco-resort named 'Mayfair Hideout' at Balukhand, Gop block in Puri district with an investment of ₹53 crore, creating 116 jobs.

The logistics and infrastructure sector saw two major proposals. Alpha Coal Beneficiation and Infrastructure LLP will establish a private freight terminal and coal washery under the Gati Shakti Multi-Modal Terminal Scheme at Sundargarh with an investment of ₹217.40 crore, generating 400 jobs. Bhubaneswar Logipark Private Limited will set up a logistics park at Khurda with an investment of ₹218.80 crore, expected to generate 2,700 jobs, he said.

In chemicals and allied products sector, Special Blasts Limited will invest ₹54.99 crore to set up an explosives and accessories manufacturing unit in Talcher, Angul, generating 75 jobs.