5 Projects worth INR 35,760Crwith an employment potential of 38,100 got approval from HLCA
Bhubaneswar(Kalinga Voice) : High Level Clearance Authority (HLCA) of the Govt of Odisha today held its 31st meeting under the chairpersonship of the Hon’ble Chief Minister, Shri Naveen Patnaik. The committee approves 5 industrial projects from diverse sectors worth INR 35,760crores that would generate over 38,100 employment opportunities for the people of Odisha.
The state government is working hard towards converting the investment intents received during Make in Odisha Conclave 2022 into ground reality. Projects spread across diverse sectors like IT & ESDM / Green Energy Equipment, Steel, Chemicals and Textilereceived approvals. The approved projects will be set up across various parts of the state namely, Bhadrak, Dhenkanal, Jagatsinghpur, and Keonjhar. The committee has given a go-ahead to 2 projects in the Steel Sector, 1 project in Green Energy and Equipment, 1 project in the Chemicals sector, and 1 project in Technical Textile sector.
The HLCA approved the proposal of WAREE Energies Limited, entailing an investment of INR 25,000 crores. It proposes to set up anIntegrated Solar Equipment Manufacturing Complex by setting of 50,000 MT Polysilicon, 10,000 MW each of Ingot, Wafer, Solar Cells, and Solar Module at Neulopoi, Dhenkanal.It is expected to provide employment opportunities to about 14,000 people in the state. Such manufacturing facility is the largest in eastern India which will develop ecosystem for further investment in this sector.
The committee also approved the proposal of Super Smelters Limited to setup an integrated steel plant of capacity of 1.8 MTPA in Keonjhar District which promises an investment of INR 5,436.10 crores and is expected to provide employment opportunities to about 19,000 people in the state.
Alongsidethese, HLCA approved anotherSteel sector project by Kashvi Power and Steel Private Limited for setting up an integrated steel plant in Keonjhar District with an investment of INR 1600.00 Cr.This0.55 MTPA capacityplant will provide employment to more than 3,500 people of Odisha.
In the Technical Textile sector, the committee gave a nod to 1 project, by MCPI Private Limited. With an investment of INR 2,223.25 crores, company proposes to set up manufacturing of HMLS Polyester, Based Tyre Cord Fabrics, HTLE Yarns, High IV and CP Chips, which will provide employment opportunities to more than 1,150 people of Odisha at Bhadrak Technical Textile Park.
In terms of the Chemicals sector, the authority approved 1 project that is expected to provide employment to more than 500 people of Odisha. The proposal ofIV Dhunseri Petrochem Industries Ltd includes the setting up of Bottle grade PET resin with a capacity of 60,000 MT per Annum in Jagatsinghpur with an investment of INR 1,500 croreand is expected to churn employment opportunities for more than 500 people in the state. This manufacturing facility will supply raw material to many PET pre-form manufacturers in the region.
The project details are as follows which received approval from the committee:
Projects for 31stHLCA
|Project Name||Project Description||Project Cost (Rs in Crores)||Employment (Potential)||Sector||Location|
|Waaree Energies Limited||Integrated Solar Equipment Manufacturing Complex||25,000.00||14,000||IT & ESDM/ Green Energy Equipment||Neulopoi, Dhenkanal|
|MCPI Private Limited||Manufacturing of HMLS Polyester, Based Tyre Cord Fabrics, HTLE Yarns, High IV and CP Chips||2,223.25||1,150||Textile, Apparel& Technical textile||Textile Park in the district of Bhadrak|
|Kashvi Power And Steel Private Limited||Integrated steel plant||1,600.00||3,500||Steel||Vill- Kaliapal, Tahasil-Jhumpura, Dist- Keonjhar|
|Super Smelters Ltd.||Integrated Steel Plant of capacity 1.8 MTPA along with CPP 210 MW||5,436.10||19,000||Steel||Keonjhar|
|IVL Dhunseri Petrochem Industries Limited||Bottle grade PET resin with Installed Capacity 600,000 MT per Annum||1,500.00||450||Chemical||Paradip, Jagatsinghpur|
The State Government of Odisha has always encouraged and welcomed industrialists to invest in the state. Its industry-friendly policies have positioned the state to be a highly lucrative destination for investors who have been awaiting opportunities to step into Eastern India or expand their footprint in the region.