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AL CIRCLE

Odisha clears $481 million investment proposals, to generate over 10,000 jobs

EDITED BY : 2MINS READ

Aluminium Downstream Product

Odisha has approved industrial investment proposals worth INR 45 billion (USD 481 million), a move that is expected to generate over 10,122 jobs across 11 districts. It is expected to back the state’s push for diversified industrial growth and value addition. Approval for aluminium and steel downstream proposals suggests Odisha’s goal to emerge as a metal hub. 

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The approvals were passed by the State-Level Single Window Clearance Authority (SLSWCA), which is chaired by Chief Secretary Anu Garg. 23 projects in total were passed, ranging across various sectors such as metals (aluminium and steel), pharmaceuticals, chemicals, textiles and services.

Among the approved proposals, the metals and downstream sector also saw key developments. The aluminium downstream industries received a grant along with manufacturing in electrical and agricultural equipment, as well as tourism and hospitality projects across Puri, Koraput, Bhubaneswar and Balangir. In pharmaceuticals, Alteus Life Ltd will set up a manufacturing unit in Cuttack.

Other major investments include Century Plyboards (India) Limited’s wood-based manufacturing facility in Koraput Paradeep, Phosphates Limited’s sulphuric acid plant in Jagatsinghpur, and Pidilite Industries Limited’s adhesives manufacturing unit in Balasore. Expansion by Siddhiriddhi International Pvt Ltd in Keonjhar, Scan Steels Ltd and Llenroc Ventures in Sundargarh were also approved.

Other notable projects include an agro-processing unit by Coastal Biotech Private Limited, a logistics park by Chalah Infratech Pvt Ltd, and a technology delivery centre by PricewaterhouseCoopers Services LLP. 

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EDITED BY : 2MINS READ

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