According to an official, the Odisha government has accepted 18 investment bids totaling Rs 3,457 crore that will employ at least 14,436 people.
On Thursday, the State Level Single Window Clearance Authority (SLSWCA), which was presided over by the chief secretary P K Jena, gave its approval to the suggestions. According to the source, the panel also recommended two industrial projects to the HLCA (High-Level Investment Authority).
The Make in Odisha Conclave 2022 received ten of the 18 investment proposals submitted. According to the official, this demonstrates the conclave’s enormous success in luring investors and solidifies Odisha’s ranking as the second-best state for luring ongoing investments in the 2022–23 fiscal year.
The source claimed that the state administration is committed to making the investment intentions a reality. The SLSWCA conference approved projects from a variety of industries, including cement, pharmaceuticals, food processing, textiles and apparel, downstream and ancillary metal industries, IT and ESDM, and agroprocessing.
The projects that have been approved will be implemented throughout the state, including in the districts of Jajpur, Khurda, Koraput, Cuttack, Sundergarh, Bhadrak, Sonepur, Bolangir, and Boudh.
Nine projects in the metal sector, five projects in the agro and food processing sector, one project in each of the following industries: textiles, cement, IT and ESDM, and pharmaceuticals have all received approval from the committee.
Due to its advantage in terms of natural resources, Odisha has been a leader in the mining and metallurgy industries. The state government has further taken advantage of this to create a metal ecosystem in the state. While Odisha remains the leader in the production of steel, stainless steel, alumina and aluminium, it is also emerging as the leader in the metal downstream and ancillary sector, the official claimed.