Chief Minister Naveen Patnaik today performed the ground breaking ceremony for 15 industrial projects with barely a week to spare for the much awaited investors conclave- ‘Make in Odisha 2018’.
Investments on the 15 industrial projects are valued at Rs 1807.92 crore and they promise to generate direct and indirect employment for 8883 people.
Speaking at the ceremony, Patnaik, said, “I am pleased to note that we are grounding the industrial projects at a fast pace. I am particularly happy to note that the private industrial park policy of my Government has seen good response from the investor community and we have performed ground breaking of the industrial park at Dhamra, which will promote port-led manufacturing in the state. In less than one year, we have done the ground breaking or inauguration of 64 projects which have created employment opportunities for more than 30,000 youth. This has only reaffirmed our position as the number one state in implementation of live manufacturing investments.
“Our focus is also to diversify the industrial growth across the state. In this regard, the maize processing plant at Nabarangpur will contribute significantly in creating new job opportunities for the people in this industrially backward district. The 15 industries for which ground breaking has been conducted today will provide employment to more than 8,800 people in the state. I congratulate all the concerned departments for their continuous efforts towards successful grounding of these projects”, he added.
The state provides unmatched facilitation mechanism to investors where the Chief Minister closely monitors the investment proposals leading to grounding of projects on time with all supporting infrastructure facilities. This assumes significance as Odisha is among the few states in India which is attracting big-ticket investment proposals in manufacturing consistently.
In parallel, the High Level Clearance Authority (HLCA) chaired by the Chief Minister approved six major manufacturing projects worth Rs 25,845 crore with a combined potential employment for 13,700 people.
Vedanta Ltd’s plan to ramp up its Lanjigarh alumina refinery in Odisha with an investment of Rs 64.86 billion got the nod of HLCA. The metals & mining conglomerate has sought to raise capacity from one to six million tonnes per annum (mtpa). Aside from refinery expansion, Vedanta has also submitted plans to expand its aluminium smelter unit at Jharsuguda at a cost of Rs 12.04 billion. Also, the Anil Agarwal controlled entity will pump in Rs 65 billion on a caustic soda production unit at Dhamra near Bhadrak.
Hindalco’s proposal worth Rs 50 billion to expand its aluminium flat rolled products unit at Lapanga, near Sambalpur, too got cleared. Nalco, got the nod to spend Rs 55.22 billion on a mega downstream aluminium complex at Kamakhyanagar near Dhenkanal. The facility billed as the largest investment in metals downstream space in the state, will produce aluminium alloy wheels, aluminium foils, rolled products and extrusions. The manufacturing unit promises to create 1761 jobs.
Other than the investment commitments of primary aluminium makers, Chiripal Polyfilms Ltd, a leading manufacturer of flexible packaging solutions, has pledged Rs 11 billion investment on a unit at Paradip.