News and Current Affairs
Government of Odisha Approves Three Investment Proposals Worth Rs 17,833 cr
The Government of Odisha continues to propel employment opportunities and boost industrialisation in the state by according its approval to three investment proposals worth Rs 17,833 crore which will create 6539 new jobs.
The High Level Clearance Authority (HLCA) meeting held under the Chairmanship of Chief Minister Shri Naveen Patnaik today in the Conference hall in Kharavela Bhawan further strengthened the predominance of the state in the core sectors of steel, aluminum and thermal power by approving a proposal each in those sectors.
Hon'ble Chief Minister took stock of the follow up of investment intents received during MIO 2016 and MIO 2018. Odisha has seen diversified Industrial development in the recent years with grounding of projects in Textile & Apparel, Chemical & Petrochemicals, Tourism and Food processing sectors. Principal Secretary Industries, Shri Hemant Sharma, presented a roadmap for MIO 2020 which included outreach activities, industrial infrastructure development and policy interventions.
The HLCA approved the proposal of Hindalco Industries Ltd. for setting up a 2 Million Ton per annum (MTPA) Alumina Refinery unit at- Kansariguda, District- Rayagada with a total investment of Rs. 8000 crore providing employment to about 4250 people.
It also approved the proposal of NTPC Ltd. for expansion of thermal power plant capacity of Talcher Thermal Power Station, located at: Talcher, Dist: Angul with additional investment of Rs.7698.46 crores.
The proposal of Rungta Mines Limited (RML) to expand its Integrated Steel Plant from 0.27 MTPA to 0.9 MTPA capacity at village- Kamanda, District - Sundargarh with a total investment of Rs. 2135 crore providing additional employment of 2289 people was also approved by HLCA.