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Odisha Chief Minister Shri Naveen Patnaik inaugurates 3 industrial units with investments over Rs 436.93 crore

He also did groundbreaking ceremony for 11 industrial units with a cumulative investment of Rs 1100.14 crore and aim to generate employment opportunities for over 3773 persons in the state.

Kolkata, NFAPost: Odisha Chief Minister Shri Naveen Patnaik inaugurated 3 industrial projects and performed groundbreaking of 11 projects. These diversified projects are ranging across renewable energy, metal and downstream, food processing, textile and apparel, fertilizer, plastic and food processing sectors.

Some of the leading companies promoting these projects include Aditya Birla Renewables Limited, IFFCO, Supreme Industries and Britannia Industries Limited.

In a major boost to the Make in Odisha, these 14 industrial units with a combined investment of Rs 1,537.07 Crore will generate employment opportunities for 3773 persons in the state.

Speaking on the occasion, Chief Minister Shri Naveen Patnaik said Odisha is fast emerging as the ‘Manufacturing Hub of Eastern India’.

“My Government’s stable policy and regulatory environment have enabled the growth of industries in the state. The implementation of ease of doing business reforms and facilitation provided by various departments have ensured that businesses continue to grow in the State,” said Naveen Patnaik.

Thanking the Odisha-based industries for their CSR activities he further added industries have been actively partnering with state government not only in economic development but also in discharging social responsibility.

“During the peak of the second wave, when the whole country was witnessing a shortage of medical oxygen, Odisha responded proactively and supported other states in supplying lifesaving medical oxygen. Several industries of Odisha came forward to contribute medical oxygen, tankers, generators, cylinders and crucial accessories,” said Naveen Patnaik.

The dignitaries present in the ceremony were Odisha Minister of Energy, Industries, Micro, Small & Medium Enterprises Captain Shri Dibya Shankar Mishra, Chief Secretary Shri Suresh Chandra Mahapatra, Principal Secretary Industries Shri Hemant Sharma, Chief Managing Director (CMD) IDCO Shri Dr Krishan Kumar, SME and MSME Principal Secretary Shri Satyabrat Sahu and IPICOL Managing Director Shri B S Poonia.

Industry veterans including Britannia Industries Limited Managing Director Varun Berry, Vedanta Executive Vice Chairman Navin Agarwal, Wildlotus Textile Director Pankaj Lochan Mohanty, and Aditya Birla Renewables Limited President – Operations & Technology Amitabh Verma were also present at the Inauguration/ Ground-breaking event.

The projects that were inaugurated including:

A Solar Power Plant in Bolangir by Aditya Birla Renewables Limited against an investment of Rs 352.50 crore which will generate potential employment opportunities for over 80 persons.

An Aluminium Dross Refining unit at Banjari, Jharsuguda by Runaya Refining LLP against an investment of Rs 64.43 crore which will generate potential employment opportunities for over 175 persons.

A Garments manufacturing unit at Chhatabar, Khordha by Wild Lotus Fashions against an investment of Rs 20 crore which will generate potential employment opportunities for over 783 persons.

The details of the projects for which groundbreaking was done are:

A Sulphuric Acid Expansion Project unit with an additional annual capacity of 6,60,000 MT at Paradip, Jagatsinghpur by Indian Farmers Fertilizer Cooperative Limited (IFFCO) against an investment of INR 400 crore which will generate potential employment opportunities for over 21 persons.

An Iron Ore Beneficiation plant of 1.50 MTPA and a Pellet Plant of 1.20 MTPA at Lahunipada, Sundargarh by KAI International against an investment of Rs 265.72 crore which will generate potential employment opportunities for over 475 persons.

A manufacturing unit for production of Plastic pipes, PVC water storage tanks and allied plastic products of capacity 55,000 MT per annum at Khuntuni, Cuttack by Supreme Industries Limited against an investment of Rs 151.30 crore which will generate potential employment opportunities for over 320 persons.

An expansion project of Britannia Industries Limited’s manufacturing unit of Biscuits, Cakes, Rusk and other bakery products with an additional annual capacity of 30,000 MT in Khordha against an investment of Rs 93.60 crore which will generate potential employment opportunities for over 350 persons.

A footwear manufacturing unit at Champajhar, Khordha by Niren Kumar Anand against an investment of Rs 62.44 crore which will generate potential employment opportunities for over 620 persons.

An HDPE and Thermoplastic pipes manufacturing unit by Astral Polytechnik Limited at Ramdaspur, Cuttack against an investment of Rs 60.06 crore which will generate potential employment opportunities for over 150 persons.

A Food processing unit and cold storage facilities by jay Bharat Spices at Ramdaspur, Cuttack against an investment of Rs 50.10 crore which will generate potential employment opportunities for over 550 persons.

An Offset printing & Book Binding unit at Jaymangal, Khordha by Printech Offset private limited against an investment of Rs 6.74 crore which will generate potential employment opportunities for over 64 persons.

A Biomedical waste management plant at Choudwar, Cuttack by Renewale Envirogic (P) Ltd. against an investment of Rs 5.33 crore which will generate potential employment opportunities for over 102 persons.

Organic Fertilisers & manure processing unit at Choudwar, Cuttack by Arnab Care & Food against an investment of Rs 2.20 crore which will generate potential employment opportunities for over 34 persons.

A food processing unit for Noodles, Papad and Pickles at Choudwar, Cuttack by Pratistha Ventures against an investment of Rs 2.65 crore which will generate potential employment opportunities for over 49 persons.

Topping the list of investments is Jagatsinghpur district with an investment of Rs 400 crores by IFFCO, followed by Bolangir with a renewable energy project worth Rs 352.50 crore, Cuttack with 6 projects worth Rs 271.64 crore and Khordha with 4 projects worth Rs 182.78 crore. Other districts including Sundargarh and Jharsuguda had also received investments worth Rs 265.72 crore and Rs 64.43 crore through various industrial projects.

A total of 195 projects were inaugurated and performed groundbreaking since November, 2017 comprising an investment value of Rs 92,460.84 crores and generating employment opportunities for over 1,18,211 persons. The swift single-window approval mechanism and quick implementation of projects making Odisha a fast emerging state in industrial development.

About Odisha:

Located on the east coast of India, Odisha has a coastline of 480 km along the Bay of Bengal. The modern state of Odisha was formed on 1 April 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata.

Over the years the state has maintained a unique cultural identity distinct from all of its neighbouring States. Traditionally, the state has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the state has shifted to manufacturing and services industrial growth.

The state government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State.

About IPICOL:

Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice.

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