Odisha Govt Approves 22 Projects Worth Rs 4,066.71 crore

BHUBANESWAR: The State Level Single Window Clearance Authority (SLSWCA), chaired by chief secretary Pradeep Kumar Jena on Monday approved 22 projects worth Rs 4,066 crore. According to the government, these diverse investments are poised to reshape Odisha's economic landscape, solidifying its position as a premier investment destination.

The 22 new projects spanned various sectors, including green energy equipment, chemical, textiles and apparel, steel, iron & ferro alloys, aluminium downstream, food processing, power & renewable energy, IT infrastructure, infrastructure & logistics. With a total employment generation potential of 25,525 and a cumulative investment of Rs 4,066.71 crores across twelve districts, these ventures are expected to significantly contribute to the State's economic development.

In the green energy sector, Waaree Clean Energy Solutions Pvt Limited, reveals its Electrolyser Manufacturing Plant in Khurda, with a project cost of Rs 435 crore, promising 300 potential job opportunities.

In chemical sector, Shalimar Paints Limited in Balasore, with its Paints Varnish and its Applied Products project at an investment of Rs 135 crore, aims to generate 200 employment opportunities. Reliance Bio Energy Limited introduced two new projects on Compressed Biogas, Fermented Organic Manure in Dhenkanal and Cuttack with a total investment of Rs 242.42 crore and offering employment to 138 individuals. SSIL Paint Industries Private Limited intends to manufacture paint and allied products, investing Rs 150 crore and potentially employing 200 individuals in Khurda.

“Odisha continues to see an increase in investments across a variety of industries, encouraging economic growth and job prospects throughout the state. Chief Minister Naveen Patnaik's strong leadership is transforming Odisha into a desirable global investment destination, and his innovative approach and commitment to sustainable and equitable growth have raised high bar for the state's overall development,” a senior government official said.