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Odisha CM inaugurates Rs 2,200 cr power, solar energy, cement projects

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Energy World - Economic Times
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Chief minister Naveen Patnaik on Tuesday performed inauguration of total 18 industrial projects through video conferencing from the state secretariat, with total investment potential of Rs 2200 crore. These projects, in diverse sectors like cement, food processing including seafood, solar power, healthcare and metal downstream, will generate employment opportunities for around 3500 people, said an official source.

A cement grinding unit and a captive power plant by Emami Cement Ltd with an investment of Rs 401 crore at Kalinganagar, a pasta manufacturing unit by Jay Bharat Spices worth Rs 45 crore at Jagatpur in Cuttack, an iron ore pellet plant by Brahmani River Pellets Ltd worth Rs 40 crore at Kalinganagar and a fly ash bricks unit by Utkal Bricks and industries worth Rs 7.41 crore at Bhagabanpur in Khurda were the four units inaugurated by the chief minister.

Similarly, groundbreaking ceremonies were performed for major projects like expansion of non-alcoholic beverage plant by Hindustan Coca Cola Beverages Ltd at Khurda industrial estate, establishment of Rs 625 crore iron ore pellet plant by Narbheram Power and Steel Private Limited near Dhenkanal, a Rs 151 crore Solar power plant by Hindalco Solar in Sambalpur and another Rs 92 crore vegetable oil manufacturing unit by AKM Agro at Khurda. Most of these projects were received in the run up to and during the two editions of the Make in Odisha conclaves, state’s biennial flagship investors’ meet held in 2016 and again in 2018.

Addressing the gathering on the occasion, the chief minister said Odisha is emerging as the manufacturing hub of the east.

“Through Vision 2025 for industrial development, we had devised an action plan to bring more manufacturing investments to provide higher employment opportunities to our people. My Government is working towards ensuring that the investment intents get converted into actual investments,” said Naveen.

The state industries department has undertaken a series of reforms following positive response from the investors communities during both the editions of the Make in Odisha conclaves.

The GO-SWIFT portal, the state government’s single window investor facilitation platform, has already received 600 industrial project applications since its launch in November 2017.

The state government has also launched ‘Industry Care’, a monthly formal engagement initiative with industrial houses to raise awareness about business reforms and facilitation mechanisms.

During the second Make in Odisha conclave, Odisha received investment intents worth Rs 4.19 crore including foreign direct investment worth Rs 46,650 crore in 15 diversified sectors which will generate around 5.91 lakh employment opportunities.

To create more employment opportunities, the state government has also given focused attention expeditious implementation of micro, small and medium enterprises.

Author: Sustainability Outlook Desk