Bhubaneswar: The state government Wednesday approved five investment proposals worth Rs 1,508 crore, estimated to generate employment opportunities for around 2,155 people.
In its 78th meeting, the State Level Single Window Clearance Authority (SLSWCA) which is headed by Chief Secretary Aditya Prasad Padhi sanctioned the projects.
“The panel has approved the proposal of Indian Oil Corporation Ltd (IOCL) to set up a polyester products manufacturing unit of capacity 324 KTPA at the textiles park in Bhadrak district”, an official said.
The project, a joint venture of IOCL and Haldia-based MCPI Private Limited, will have an investment of Rs 975.10 crore, and will create direct and indirect employment for around 185 persons. The project will act as an anchor and help in supplying feedstock or raw material to the downstream textile units which will come up in the park. It is estimated to provide employment to more than 1,00,000 people in the long run, he said.
The proposal of leading manufacturers of aluminium extrusions to set up a greenfield manufacturing unit with a capacity of 40,000 metric tonnes (MT) per annum at the Angul Aluminium Park has also been approved. The investment outlay of the project is pegged at Rs 200 crore and can generate employment for around 500 persons.
The government also approved a Gujarat-based edible oil manufacturing company’s proposal to set up a 7,50,000 tonnes per annum vegetable oil manufacturing unit at Paradip with an investment of Rs 200 crore. The unit will create employment opportunities for around 920 people directly and indirectly.
The SLSWCA also approved the proposal of an Andhra Pradesh-based company which will invest Rs 71 crore to manufacture instant pasta and vermicelli, and sweet potato flour. The proposed unit will be first-of-its-kind in the state.
The fifth investment proposal approved by the panel was that of a Kolkata-based company which will invest Rs 62.1 crore to establish an integrated cold chain service unit at the seafood park in Deras of Khurda district. The project will have employment potential for around 250 people.