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Odisha approves fresh investment proposals worth Rs 1189 crore from Ambuja Cements, Emami Paper Mills and Surya Foods & Agro
~ Odisha is witnessing rapid industrialization with large number of companies across India making investment proposals to set up or expand their operations in the state
Kolkata, 1st July 2017: Industrial development in the state of Odisha is on fast track after a successful Make in Odisha Conclave and the implementation of a Business Reforms Program, which has led to Odisha being recognized as a ‘Leader’ in the implementation of business reforms with 92.73% score in last year’s Ease of Doing Business report released by the Central Government.
The state has already approved investment proposals worth Rs 1.10 lakh crore after the Make in Odisha Conclave in Bhubaneswar and Investors’ meet in Mumbai and Bengaluru. In addition to the already approved investment proposals, Odisha’s State Level Single Window Clearance Authority (SLSWCA) today sanctioned fresh investments of Rs 650 crore from Emami Paper Mills Ltd, Rs 430 crore from Ambuja Cements Ltd and Rs 108 crore from Surya Foods and Agro Ltd.
With the approval from the SLSWCA in place, Emami Paper Mills will expand their multilayer coated board manufacturing plant at Balgopalpur Industrial Estate in Balasore. The company had started its paper manufacturing unit at Balgopalpur Industrial Estate in 1982 and since then the company has regularly expanded its operations in the state by setting up manufacturing of newsprint, Paper Board project based on waste paper and also setting up a 10.50 MW co-generation power plant in 2015. With the expansion plans, Emami Paper Mills is expected to generate around 1750 direct and indirect employment opportunities.
Proposal of Ambuja Cements to set up a 1.5 MTPA cement grinding unit at Industrial Growth Center, Jharsuguda has also been approved by SLSWCA today. 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 in Odisha is expected to generate around 300 direct and indirect job opportunities.
Similarly, the proposal from Surya Foods and Agro Ltd (SFAL) has also been approved by the SLSWCA and the company will set up a biscuit manufacturing unit of 60,000 TPA at Khordha Food Park. Marketed under the brand name
‘Priya Gold’, SFAL is a multi-product food processing company having manufacturing facilities in Greater Noida, Lucknow and Surat and a capacity of 1.8 TPA through its existing plants. The proposed project is expected to generate around 667 employment opportunities.
Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik has set a Vision 2025 of attracting investments worth Rs 2.5 lakh crore in the focus sectors identified by the state and create employment opportunities for 30 lakh citizens. To achieve this target, Odisha’s Industries Department have made large strides to create an ideal business ecosystem by bringing in key business reforms, developing world class infrastructure and establishing sector specific clusters across the state.
Speaking on these developments, Mr. Sanjeev Chopra, Principal Secretary, Industries Department, Government of Odisha said “The state’s Business Reforms Program and the development of world-class infrastructure have received extremely positive feedback from investors across the country as it has been successful in creating the ideal business ecosystem for various sectors to flourish in the state. The central inspection framework for industries and integration of business related services with eBiz online platform is one such practice which has given a serious boost to the industrial environment in the state. Additionally, a GIS-based land bank system called the GO iPLUS has been highly appreciated by the investors as it provides all the required details related to the availability of land, existing industries, raw materials and finished products available.”
Now the state is focusing on the rapid on-ground implementation of the approved projects. In the next quarter, groundbreaking and inauguration will take place of more than 10 industrial projects in various districts across the state.
In the past 3 years, the Single Window Clearance Authority in the State has approved 102 projects with investments worth Rs. 1,67,284.63 crore and an employment potential of 1,12,532 jobs. The State is committed to approve ‘Green’ category projects within 15 days and ‘Other’ category projects within 30 days. Post the amendment of Odisha Industries Facilitation Act (Rules), the average time taken for disposal of applications by the State Level Single Window Clearance Authority has been brought down to just 20 days making Odisha a leader in single window clearance procedures.
