Business

Odisha Government Approves 19 Investment Projects Worth Rs. 3,663 Crore

On Saturday, the Odisha government approved 19 investment projects worth Rs 3,663 crore.

These projects, which were cleared during a meeting of the State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Pradeep Kumar Jena, are expected to employ around 13,500 people, according to an official release.

The EPIC Group, a Hong Kong-based garment manufacturer known for providing some of the world’s most recognizable brands, has announced plans to increase foreign direct investment (FDI) in Odisha.

Trimetro Garments India Pvt Ltd, an EPIC Group company, has announced plans to invest Rs 376.85 crore in the building of its clothing manufacturing facility in the Khurda district.

Several steel businesses, including Nezone Steel Utkal LLP, Advance Steel Tubes Limited, Nirmal Steels Private Limited, Rungta Mines Ltd, Ferro Tech India Pvt Ltd, and Super Sonic Logistics Pvt Ltd, have had their bids accepted by the state government. These enterprises have proposed a total investment of over Rs 2,000 crore in areas such as Kalinganagar, Dhenkanal, and Sundergarh.

In the renewable energy sector, Mahanadi Coalfields Limited (MCL), a federal government company, and the state-run Odisha Power Generation Corporation Limited (OPGCL) have proposed investments of Rs 297.61 crore and Rs 215 crore, respectively.

Time Technoplast Ltd and Oricon Enterprise Ltd received state approval to establish manufacturing operations in Khurda, with investments of Rs 57 crore and Rs 90 crore, respectively.

The government also approved infrastructure projects proposed by Koli Commercial LLP and Vimla Infrastructure (India) Pvt Ltd to establish private freight terminals under the Gati Shakti Multi-Modal Terminal program.

Also read: Australia Suffers From Sweltering Heat With Bushfire Threats

Spriha Rai

Recent Posts

Lok Sabha To Hold Eight-Hour Debate On Waqf Amendment Bill Amid Opposition Pushback

The Lok Sabha will take up the Waqf (Amendment) Bill for discussion on April 2,…

3 hours ago

India’s GST Collections Surge 9.9% To Rs 1.96 Lakh Crore In March

India's Goods and Services Tax (GST) collections rose by 9.9 per cent to Rs 1.96…

5 hours ago

What Happens When You Drink Coconut Water Daily For A Month?

Drinking coconut water daily for a month can significantly improve hydration, digestion, and overall health.

7 hours ago

METAPLASIA 2025: Where Sports Meet Transformation

The METAPLASIA 2025 Sports Fest at the New Chandigarh campus witnessed thrilling competitions in cricket,…

7 hours ago

Indian Railways Achieves Record Freight Loading & Revenue In Fiscal 2025

Indian Railways achieved record freight and revenue in 2025, surpassing the US in cargo transport…

7 hours ago

German Tourist Calls Delhi Metro ‘Better Than London Tube’ In Viral Post

German traveler Alex Welder praised the metro systems in Delhi and Agra, calling them 'better…

7 hours ago