BHUBANESWAR: On Thursday, the state-level single window clearance authority (SLSWCA) sanctioned 22 investment initiatives valued at ₹3,855 crore, anticipated to generate 7,296 new jobs.
Chief Secretary Anu Garg noted that these investments will cover 11 sectors in 12 districts, emphasizing growth in areas such as paper, packaging, and plastics, tourism, compressed biogas (CBG), specialized chemicals, pharmaceuticals, and technology-driven services.
The paper, packaging, and plastics sectors alone have secured two significant investment proposals totaling ₹1,029.91 crore, projected to create 1,960 jobs. Alisha Torrent Closures (India) Pvt Ltd plans to invest ₹529.91 crore in Nayagarh for the production of caps and closures for bottled beverages.
Stark Ridge Pvt Ltd is set to establish a ₹500 crore facility in Khurda dedicated to manufacturing paper and paper products, with an annual output capacity of 1.08 lakh MT of corrugated boxes, 48,000 MT of paper bags, 48,000 MT of mono cartons, and 99,000 MT of paper.
In the tourism sector, projects amounting to approximately ₹1,035.62 crore will include hotels, luxury resorts, and a convention center in Khurda, Jharsuguda, Puri, and Cuttack. Ashirbad Engineering and Construction Pvt Ltd is investing ₹310 crore in a five-star hotel in Khurda, while Swami Resorts Pvt Ltd will build another five-star hotel in the same region for ₹153 crore.
The Royale Nest Hospitality plans to invest ₹150 crore in a luxury resort with a convention center in Jharsuguda. In Puri, Srikrishna Estates and Construction will allocate ₹135 crore for a high-end destination resort. Additionally, KP Prime Assets intends to invest ₹120 crore in a five-star hotel, and Maa Bhattarika Minerals will invest ₹64.04 crore in a four-star riverfront resort named Mahanadi Alaya in Cuttack.
The Indian Oil Corporation has proposed a ₹360 crore investment for compressed biogas plants (CBG) capable of producing 14,850 tonnes annually across Angul, Jajpur, and Sambalpur, which is expected to create 745 jobs.
Kineta Global Ltd plans to invest ₹170 crore in an 8,250-tonne per annum facility in Sundargarh, whereas Sree Metaliks Bio Energy will invest ₹150 crore in a 6,600-tonne facility in Balasore. Together, these three projects represent a total investment of ₹680 crore with an annual production capacity of 29,700 tonnes of CBG.
In the steel downstream industry, MPIL Steel Structures aims to set up a heavy steel structure fabrication plant in Jajpur with an investment of ₹200 crore and a proposed annual capacity of 25,000 tonnes. Armour Industries will invest ₹151 crore in Sundargarh to manufacture structural steel fabrications, blast furnace equipment, and precision-machined components. Likewise, Saha Steel Pvt Ltd will invest ₹72.81 crore in Sambalpur to produce pre-engineered building systems and related materials.
In the burgeoning advanced manufacturing sector, Stonehawk Technologies plans to invest ₹65 crore in an integrated unit for drones and unmanned aerial systems. Classic Tecnologistics & Trade will also invest ₹52 crore in an aerospace manufacturing facility in Khurda.
Additionally, RB Abodes Pvt Ltd has proposed an integrated logistics park in Ganjam with an investment of ₹209.35 crore, which will feature a 5 MW rooftop solar power plant.
Major Projects Include:
- Alisha Torrent Closures: ₹529.91 crore for bottle caps and closures in Nayagarh.
- Stark Ridge Pvt Ltd: ₹500 crore for a paper and paper products unit in Khurda.
- Indian Oil Corporation: ₹360 crore for CBG plants in Angul, Jajpur, and Sambalpur.
- Ashirbad Engineering & Construction Pvt Ltd: ₹310 crore for a five-star hotel in Khurda.
- RB Abodes Pvt Ltd: ₹209.35 crore for an integrated logistics park in Ganjam.
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