Home India 60 pc of intents converted into specific investment proposal:
60 pc of intents converted into specific investment proposal:

60 pc of intents converted into specific investment proposal:

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Odisha government today said it has converted about 60 per cent of intents into specific investment proposal for establishment of new industries in the state.

“Because of constant follow up through IPICOL and State Level Facilitation Center (SLFC), so far around 60 per cent of these intents have been converted to specific investment proposals,” chief secretary AP Padhi said after reviewing progress of projects.

“Out of this 50 projects have already been accorded approval through State Level Single Window Clearance Authority (SLSWCA) committee at different points of time. These 50 projects in total envisage an investment of around Rs 1,23,760 crore with employment potential of around 95,235 persons,” he said.

Five other projects have also been accorded approval by respective departments and authorities, Padhi said.

Odisha government during its three investment meets at Mumbai, Bengaluru and Bhubaneswar last year, had received 124 investment intents from different group of companies.

The approved projects are mostly in seven different sectors like Food Processing, Petro-chemicals, Chemicals & Plastics, Infrastructure & Logistics, Power & Renewable Energy, Tourism, Health Care and other sectors.

The major projects under today?s review includes the proposal of Rare earth unit by Saraf Industries, Aluminium refinery of L&T, Breweries of & Sense Infra, LPG bottling plant of HPCL and Refinery expansion of IOCL. These proposals after approval would add another Rs 66,356 crore of investment with employment potential of 7,418 persons.

Apparel Park planned at Chhatabar of Khordha district have already been grounded. Around 100 acer of land has been demarcated for the purpose. The raising of boundary wall has also been completed. The Park is now getting ready for implantation of the industrial units, said industries secretary Sanjeeb Chopra.

Source: PTI
Anand Gupta Editor - EQ Int'l Media Network

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