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

Seeing The Lord Among Devotees Is The Pinnacle Of Humility: Gautam Adani At Rath Yatra

Gautam Adani, along with his wife and Karan, participated in the Rath Yatra in Puri,…

2 hours ago

PM Modi Interacts With Group Captain Shubhanshu Shukla Aboard The ISS

PM Narendra Modi interacted with Group Captain Shubhanshu Shukla, the first Indian to reach the…

3 hours ago

Gautam Adani, Family Participate In Puri Rath Yatra; Launch Massive ‘Prasad Seva’ Initiative

Gautam Adani, along with his wife Priti Adani and son Karan Adani, joined thousands of…

4 hours ago

PM Modi, Leaders Pay Tribute To Former PM PV Narasimha Rao On Birth Anniversary

PM Narendra Modi on Saturday paid tribute to former Prime Minister PV Narasimha Rao on…

4 hours ago

Gautam Adani Hails Divine Experience At Rath Yatra; Praises Odisha’s Graceful Management

Gautam Adani conveyed profound spiritual emotions after witnessing the revered Rath Yatra of Lord Jagannath…

5 hours ago

Punjab’s Litchis Reach Middle East Markets In Boost To India’s Fruit Exports

In a step towards diversifying India’s horticultural exports, Punjab has successfully shipped its first consignment…

5 hours ago