NAVEEN INITIATIVE TO BOOST STATE’S ECONOMY

(The Quiver)  Today on January 10, the Hon’ble Chief Minister of Odisha, Shri Naveen Patnaik today inaugurated 2 industrial projects and performed groundbreaking for 11 projects. These projects include a logistic park, 3-ethanol plants, a steel expansion project, a cement manufacturing unit and a 5-star resort among others. Some of the leading companies promoting these projects include Tata Steels, Swosti Premium, Greentech Bioenergy and Coastal Biotech.

Inauguration of industrial units with investments over INR 409.03 crore and Ground-breaking of industrial units with a cumulative investment of INR 1,950.26 crore took place in the 14th phase of the Inauguration/ ground-breaking ceremony aimed at generating employment opportunities for over 3,200 persons in the state.

The projects that are inaugurated by the CM today are:

● A cement grinding unit of 1.5 million metric tons per annum at KNIC, Jajpur by Jajpur Cement at an investment of INR 400 crore, which will generate potential employment opportunities for over 214 persons.

● A Bio-degradable tableware manufacturing unit at Growth Centre Ph-II, Balangir by Swosti Ecowares at an investment of INR 9.03 crore, which will generate potential employment opportunities for over 49 persons.

 Groundbreaking done on 11 projects will bring huge employment opportunists for the people of Odisha. Have a look on the 11 groundbreaking projects by the CM.

• An Expansion project of Tata Steel of its Iron ore Beneficiation plant from 12 MMTPA to 17.6 MMTPA at Joda, Keonjhar at an investment of INR 946 crore, which will generate potential employment opportunities for over 803 persons.

●A 200 KLPD Ethanol along with 5 MW Co generations Plant at Salna, Bargarh by Greentech Bioenergy LLP at an investment of INR 250 crore, which will generate potential employment opportunities for over 202 persons.

●A Grain-based distillery unit of capacity 200 KLPD for manufacturing of Ethanol along with 6.00 MW co-generation power plant at Jharsuguda by Energy Intro Private Limited at an investment of INR 205 crore, which will generate potential employment opportunities for over 196 persons.

●Another 100 KLPD grain-based ethanol plant along with Compressed Biogas (CBG) plant of 12 TPD capacity and 2.20 MW Co-gen power plant at Bantala, Angul by Newalt Energy Private Limited at an investment of INR 125 crore, which will generate potential employment opportunities for over 650 persons.

●A grand 5-star Resort named “Swosti Premium Beach Resorts” at Puril by Swosti Premium at an investment of INR 134 crore, which will generate potential employment opportunities for over 310 persons.

●A 4-star hotel Prachi Resorts Private Limited at Bhubaneswar, Khordha by Prachi Resorts at an investment of INR 63.30 crore, which will generate potential employment opportunities for over 85 persons.

●A 9 KM Iron Ore Pipe Conveying System of capacity 3 MTPA at Barbil, Keonjhar by GV Mines Minerals & Metals at an investment of INR 104.48 crore, which will generate potential employment opportunities for over 238 persons.

●A logistic park at Giringaput, Khordha by Chalah Infratech at an investment of INR 99.80 crore, which will generate potential employment opportunities for over 234 persons.

●A Packaged Foods and Spices at Ramdaspur, Cuttack by Bisweswar Food at an investment of INR 10 crore, which will generate potential employment opportunities for over 161 persons.

●A Manufacturing unit for Electrical sensors for steel Industries at Chattabar, Khordha by Measurex Global at an investment of INR 9.70 crore, which will generate potential employment opportunities for over 56 persons.

●A Manufacturing Of Self Adhesive BOPP Tape at Chattabar, Khordha by Sai Prateek Industries at an investment of INR 2.98 crore, which will generate potential employment opportunities for over 32 persons.

Minister Industries & MSME, Home and Energy Shri Dibya Sankar Mishra also spoke on the occasion. Among others, Chief Secretary, Shri Suresh Chandra Mahapatra, Development Commissioner Shri P.K. Jena, Secretary to CM (5-T) Shri V.K. Pandian and Principal Secretaries and Secretaries of different Department were also present on the occasion. Principal Secretary Industries Shri Hemanta Sharma gave the welcome address. MD IPICOL Shri Bhupendra Singh Poonia proposed the vote of thanks.

With such massive investments across the state, Odisha looks to strengthen its position, achieve its goals and remain in the position of a leading state in the coming years, with new innovation, infrastructure, dedication, best technology backed by Ease of Doing Business for the investors. Hope this initiative taken by the CM of Odisha will boost the state economy and contribute in development of the people of the state .They will no longer have to leave their homeland in search of employment .