In a recent development, the Odisha government granted approval for 19 investment proposals amounting to Rs 3,280.58 crore, anticipated to generate 10,661 job opportunities. This decision was made during the 150th meeting of the State Level Single Window Clearance Authority (SLSWCA), led by Chief Secretary Anu Garg.
Among the proposals, the biofuel sector saw a significant initiative from Indian Oil Corporation Limited, which plans to establish compressed biogas plants with a capacity of 39,600 tonnes annually across eight districts, including Balasore and Ganjam. This project involves an investment of Rs 960 crore and has the potential to create 760 jobs.
In the plastics industry, Shri Dakshineshwari Maa Polyfabs Limited aims to build a facility in Khurda for producing 40,000 tonnes of PP woven and non-woven fabrics and bags, with an investment of Rs 401.63 crore, generating approximately 490 jobs.
Additionally, the tourism sector has received five significant proposals for projects in Ganjam, Jharsuguda, Koraput, and Puri. BBB Hotel Pvt Ltd plans to invest Rs 208.04 crore in a 5-star hotel in Ganjam, while Hotel Sea Pearl Orissa Pvt Ltd will create a 5-star beach resort in Puri through a collaboration with the ACCOR group, which is expected to generate 630 jobs with an investment of Rs 180 crore.
Highland Hotels and Resorts Pvt Ltd intends to establish a 4-star resort in Jharsuguda, investing Rs 150 crore, while Puri Eco-Tourism and Resorts Pvt Ltd will invest Rs 124 crore in a similar venture in Puri. Odyssey Leisure Pvt Ltd is also set to create a 4-star resort in Koraput with an investment of Rs 105 crore.
Furthermore, Kineta Global Ltd has proposed an 8,250 tonne per annum compressed biogas facility in Ganjam, which would require an investment of Rs 170 crore and create 170 jobs. Tata Power has also submitted plans for a global capability center in Khurda, investing Rs 54.31 crore and creating 110 jobs.
In the chemicals sector, Aquaproof Wallcare India is set to establish a construction chemicals unit in Cuttack at a cost of Rs 62.64 crore, while Asipiya Chemicals plans a solvent distillation unit in Jagatsinghpur for Rs 60 crore.
The textiles and technical textiles sector will see Dollar Industries launching an integrated hosiery unit in Khurda, creating 1,185 jobs with a Rs 125 crore investment. Meanwhile, Sai Workwear Pvt Ltd plans to invest Rs 59 crore in a technical textiles unit in Puri, generating 3,650 jobs.
In food processing, Geofast Industries will create a snacks and namkeen unit in Khurda with an investment of Rs 120 crore, resulting in 350 jobs, while Jai Bhawani Foods will establish a food and confectionery co-packaging unit in Cuttack with a Rs 100 crore investment, creating 550 jobs. Three additional projects were approved in the steel downstream sector.
SPS Arihant Steel Structures aims to manufacture various steel products in Deogarh with an investment of Rs 140 crore. Steeledge Fabrication plans to set up a fabrication and machining unit in Sundargarh for Rs 108.82 crore, while Bhubaneswar Udyog Pvt Ltd will produce color-coated sheets and structural components in Cuttack with an investment of Rs 101.99 crore.
