Home Odisha Investment Projects Worth rupees 6443.32 Crore Cleared By Odisha Government

Investment Projects Worth rupees 6443.32 Crore Cleared By Odisha Government

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The Odisha Government approved the investment projects which are worth rupees 6443.32 crores to three significant industrial projects. The state government circulated a statement where it is mentioned that the High-Level Clearance Authority (HLCA) which is chaired by Chief Minister Naveen Patnaik announced in-principle approval to three major industrial projects to the amount of Rs 5,358.24 crore.

Five investment proposals worth 1085.08 have been approved by the State Level Single Window Clearance Authority which is supervised by Chief Secretary Suresh Chandra Mohapatra. The projects authorized by HLCA are in the metal and metal downstream, cement, refinery, and petrochemicals sectors and are further anticipated to produce 3667 employment possibilities in Odisha.

Investment worth of 2415 crore for development of integrated steel plant in Kalinganagar and other projects has been submitted by Yazdani Steel and Power Limited. Numaligarh Refinery Ltd (NRL) recommended the development of a Crude Oil Terminal at Paradip in Jagatsinghpur with an investment of Rs 1,420 crore.

Supplementary clinker capacity and cement capacity offered by Shiva Cement Limited (SCL) on an investment of Rs 1,523.24 crore in Sundergarh have been approved by HLCA. Five industrial projects of the amount of 1085.08 crores is been cleared by the SLSWCA chaired by the Chief Secretary in the metal and metal downstream,fertilizers, food processing, and tourism sectors.

As per reports Odisha since 2019 has accumulated about 1.19 Lakh crore new investments. Chief Minister Naveen Patnaik applauded the officials for recovering the extension of industrial of Odisha during the pandemic which led the worldwide economic shutdown.

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