15 projects to invest Rs 2901 crore in Odisha

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Bhubaneswar : Odisha Chief Minister Naveen Patnaik on Thursday inaugurated two projects and conducted the ground-breaking ceremony of 13 projects with a cumulative investment of Rs 2,901.20 crore.

The Chief Minister conducted the ground-breaking and inauguration ceremony via video conferencing at the state secretariat here.

The 15 projects will create employment for over 3,000 persons in the state.

The Chief Minister inaugurated a Rs 110 crore caustic soda manufacturing unit of Grasim Industries in Ganjam and a 10 mw solar power plant of Jyoti Solar Solutions, which has invested Rs 57.17 crore in Bolangir.

He also conducted the ground-breaking ceremony of 13 other projects which include OCL India, IFFCO, Jajpur Cement, Indo Nissin Foods, Hindustan Urban Infrastructure, Shree Malani Foams, Suguna Foods, Saizar Enterprise, MK Plast, Aradhana Plastic, Tidal Trading, Weaverbird Engineering Technology and Utkal Speciality.

The projects are in diverse sectors including food processing, cement and downstream industries in metals among others. OCL India will invest Rs 1994.98 crore for a cement manufacturing unit in Sundargarh district.

"My government has promulgated progressive policies and developed state-of-the-art infrastructure besides demonstrating commitment to deliver projects on ground, which is reflected in the fact that out of the investment intents received, close to 65 per cent projects are in various stages of approval and implementation," said Patnaik.

"The 15 industries for which ground-breaking/inauguration is being conducted today will provide employment for more than 3,000 people in the state," he added.

Subsequent to the Make in Odisha Conclave 2016, the first ground-breaking ceremony was held in November 2017 for 15 manufacturing units with an investment of Rs. 11,690 crore and the scope to generate 8,187 jobs.

The second ceremony in May this year witnessed the inauguration of seven manufacturing units and the ground-breaking of 12 units with a cumulative investment of Rs. 2,675 crore.

With the third ceremony, a total of 49 manufacturing units have either been inaugurated or have started construction.