Odisha clears Rs 1,188 cr investment proposals

Bhubaneswar, June 30 :  The Odisha government on Friday approved Rs 1,188 crore investment proposals of three companies including Ambuja Cements Ltd.

The State Level Single Window Clearance Authority (SLSWCA) headed by Chief Secretary A.P. Padhi approved the investment proposals of Ambuja Cements Ltd, Emami Paper Mills Ltd and Surya Foods and Agro Ltd.

Emami Paper Mills would expand their multilayer coated board manufacturing plant at Balgopalpur industrial estate in Balasore with an investment of Rs 650 crore.

With the expansion plans, the company is expected to generate around 1,750 direct and indirect employment opportunities, said an official.

Emami had started its paper manufacturing unit in Balasore in 1982 and since then, it has been regularly expanding its operations by setting up manufacturing of newsprint and paperboard project. It has also set up a 10.50 MW co-generation power plant in 2015.

The proposal of Ambuja Cements to set up a 1.5 MTPA cement grinding unit in Jharsuguda has also been approved by the SLSWCA. The company would invest Rs 430 crore in the project, said the official.

The proposed facility will spread across 125 acres and add to the company's existing portfolio of five integrated cement manufacturing plants and eight cement grinding units across the country.

The proposed project is expected to generate 300 direct and indirect job opportunities in the state, said the official.

The SLSWCA also approved the Rs 108 crore project proposal of Surya Foods and Agro Ltd to set up a biscuit manufacturing unit at the food park in Khurdha.

The state government has already approved investment proposals of Rs 1.10 lakh crore after the Make in Odisha conclave in Bhubaneswar and investors' meets in Mumbai and Bengaluru.