Bhubaneswar: The State Level Single Window Clearance Authority (SLSWCA) headed by Chief Secretary Aditya Prasad Padhi Thursday approved two investment proposals entailing investment of around `224 crore.
The SLSWCA approved the investment proposals of Indian Farmers Fertilizer Cooperatives (IFFCO) and Welspun Orissa Steel Pvt Ltd.
“The SLSWCA has approved the project proposal of IFFCO for opening a railway siding at new Paradip station yard involving an expenditure `63.55 crore. The project will create employment opportunities for about 97 persons,” said state-owned Industrial Promotion and Investment Corporation of Orissa Limited’s (Ipicol) general manager Kalyan Mohanty.
Around 49 acre of land required for the siding has also been identified, he said, adding, it was decided that IFFCO would also allow other companies to use this siding. The project will be completed within 14 months.
Similarly, the project proposal of Welspun to set up 0.27 million tonne per annum (MTPA) steel facility centre at Dosingha in Bhadrak district has also been approved by the panel, Mohanty added.
Welspun has committed an investment of `160.15 crore and employment opportunities for 915 persons through this project, he mentioned.
“The unit needs 40 acre of land. Welspun had already acquired 175 acre at the selected site where they originally proposed a pelletisation complex. But with the slowdown in the pellet market, they have shifted the focus on long steel products,” he added.
The authority allowed Shree Cement to shift the location of its cement grinding unit from Dhenkanal to Athagarh tehsil in Cuttack district. The cement manufacturer has announced an investment of `452 crore on the gridding unit to have a capacity of three million tonne per annum. The cement unit would come up on 51 acres of land. The chief secretary also reviewed the progress on investment proposal made during Make in India week in Mumbai and Orissa Investors Meet in Bangalore recently.
The state government has attracted about `1.61 lakh crore investments in the past two years. While 14 companies evinced their interest in investing `70,956 crore at Make In India week held in Mumbai in February, the state government has got the assurance of `90,670 crore investment at Invest Orissa meet in Bangalore in August last.
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