Odisha Top Performer in Live Manufacturing Investments in India – CM

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Phase-13 of Ground-breaking & Inauguration Ceremony

  • CM Launches 17 Industrial Projects Worth Rs.1000 Crore
  • 7 Units worth Rs. 152 crore inaugurated
  • Laid Foundation for 10 Units Worth Rs. 848 crore,
  • Employment Opportunity for 2400 Persons

Bhubaneswar, (Kalinga Voice): Chief Minister Shri Naveen Patnaik today inaugurated 7 industrial projects and performed Groundbreaking of 10 projects. While the seven inaugurated projects have attracted an investment of Rs.152 crore, the 10 projects, for which ground-breaking was done, will come up with an investment of Rs.848 crore. All these projects will create employment opportunities for 2400 persons.

These diversified projects are ranging across Food processing, Tourism, Plastic, Manufacturing and Fertilizer sectors will create potential employments for over 2,400 persons in the state. Some of the leading companies promoting these projects include IFFCO, Ramco Cements and Coastal Biotech.

Many of the units that participated in the groundbreaking ceremony got their in-principle approval in the last 3 months.

Hailing the 5T approach of the Government, Chief Minister Shri Patnaik said, “Odisha is fast emerging as the manufacturing hub of eastern India. We have been marching ahead on the path of industrial development and are consistently ranked amongst the top states in terms of live manufacturing investments in India.” Focusing on 5T initiative, he said, “My Government has taken up several proactive measures towards the development of industries. This has created an industry-led ecosystem of value addition, sustainable employment generation and revenue augmentation in the State.”

Further, he added, “Over the last two decades, the Government of Odisha has taken substantial and progressive measures to ensure sustainable industrial development and growth in the state. My Government’s stable policy and regulatory environment have enabled robust growth of the industrial sector in the state. The implementation of ease of doing business reforms and facilitation provided by various Departments involved has also ensured that businesses continue to grow in the state. Our government has been both pro-people and pro-industry and I believe, we have been able to find a good balance and achieve good success in this period. Moving ahead, I would like to assure you that the Government of Odisha is committed to providing the best of support to enterprises as well as provide the best of opportunities to its people to grow.”

Speaking on the occasion Shri Dibya Shankar Mishra, Minister of Energy, Industries, Micro, Small & Medium Enterprises, Government of Odisha said that the government has taken several initiatives to attract investments in sectors that provide employment to a large number of people.

Secretary to CM (5-T) Shri V K Pandian moderated the programme.

Among others Chief Secretary Shri Suresh Chandra Mohapatra, Principal Secretary Industries, Shri Hemant Sharma, Shri Satyabrat Sahu, Principal Secretary, MSME, CMD IDCO Dr Krishan Kumar, MD IPICOL Shri B S Poonia attended.

The projects that were inaugurated:

● A Shrimp processing and cold chain unit at Khantapada, Balasore by Highland Agro against an investment of INR 53.08 crore, which will generate potential employment opportunities for over 445 persons.

● A Polyurethane Foam manufacturing unit at Jaymangal, Khurdha by Shree Malani Foams against an investment of INR 135 crore, which will generate potential employment opportunities for over 135 persons.

● A resort at Gopalpur, Ganjam by Specadi Resorts Private Limited against an investment of INR 22.96 crore, which will generate potential employment opportunities for over 75 persons.

● A Paper & Packaging Products unit at the Industrial Estate, Khurdha by Utkal Speciality Industries India Private Limited against an investment of INR 7.61 crore, which will generate potential employment opportunities for over 45 persons.

● A Mattress & Foam unit at Chhatabar, Khurdha by Mehan Industries against an investment of INR 5.82 crore, which will generate potential employment opportunities for over 86 persons.

● An Amusement Park at Balasore by Padmabati Amusement Park against an investment of INR 5.05 crore, which will generate potential employment opportunities for over 63 persons.

● A Water Park at Bargarh by Aqua island against an investment of INR 4.75 crore, which will generate potential employment opportunities for over 30 persons.

The details of the projects for which groundbreaking was done are:

● A Nano Urea unit at Paradeep, Jagatsinghpur by Indian Farmers Fertilizer Cooperative Limited (IFFCO) against an investment of INR 225 crore, which will generate potential employment opportunities for over 200 persons

● A Grain-based distillery unit in Gajapati by Coastal Biotech Private Limited against an investment of INR 200 crore, which will generate potential employment opportunities for over 400 persons.

● The expansion project for an additional 0.9 MTPA cement grinding capacity in the existing plant of The Ramco Cements Limited at Haridaspur, Jajpur against an investment of INR 190 crore, which will generate potential employment opportunities for over 60 persons.

● Expansion of Sarvesh Refractories Private Limited’s production unit of Refractories at Kuarmunda, Sundergarh against an investment of INR 123.25 crore, which will generate potential employment opportunities for over 289 persons.

● A Manufacturing unit for production of AAC Blocks & Cement sandwich panels in Balasore by HIL Limited against an investment of INR 63.25 crore, which will generate potential employment opportunities for over 265 persons.

● A Hatchery unit in Mayurbhanj district by Shivshakti Agro India Limited against an investment of INR 25.77 crore, which will generate potential employment opportunities for over 115 persons.

● An LLDPE Flat Indrip & HDPE Sprinkler Pipes Manufacturing unit in Champajhar, Khurdha by PPP Industries against an investment of INR 25.77 crore, which will generate potential employment opportunities for over 115 persons.

● A UV Printing Board manufacturing unit at Ramdaspur, Cuttack by Genesis Systech against an investment of INR 2.55 crore, which will generate potential employment opportunities for over 14 persons.

● A Plastic Rope manufacturing unit at Somnathpur, Balasore by Nibedita Polymer against an investment of INR 2.50 crore, which will generate potential employment opportunities for over 34 persons.

● A Medical & Industrial Oxygen generation unit at Somnathpur, Balasore by RK Oxygen & Industrial Gases against an investment of INR 1.80 crore, which will generate potential employment opportunities for over 21 persons.

These diversified industries are also located across various districts including Bargah, Mayurbhanja, Balasore among others. These projects are also spread across all categories of investments – micro, small, medium as well as large industries. Such enablement of industries aims at both fostering economic growth and generating massive employment opportunities in the state.

The recent amendment of the industrial policy resolution (IPR) – 2015 aims to further diversify investments in the new-age industries, linked with center’s PLI scheme including electric vehicles, (EVs), EV components and green energy equipment.

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