Tag: Government of Odisha

Business World

Government of Odisha approves 9 new industrial projects worth INR 2570.54 Crore at the 100th SLSWCA meet

Apr 29, 2021 by Neel Achary 0 Comments #Government of Odisha

  State Level Single Window Clearance Authority of Government of Odisha, headed by the Chief Secretary, approves nine investment proposals generating employment opportunities to over 2755 persons in the state.

Bhubaneswar, 29th April 2021: The 100th meeting of the State Level Single Window Clearance Authority (SLSWCA) held today under the chairmanship of Shri Suresh Chandra Mahapatra, (IAS) Chief Secretary of Odisha, approved 9 industrial projects to the tune of INR 2570.54 crore in Metal and Metal downstream, Manufacturing, Plastic, Cement, Chemical and Food Processing sectors. These industrial projects are further expected to create employment opportunities for 2755 persons in the state.

The details of the nine projects for which in-principle approval was accorded by SLSWCA is listed below:

  • A 15 MTPA Beneficiation plant in two phases by M/s Amalgam Resources Private Limited against an investment of INR 882 crore to be set up in Joda, Dist- Keonjhar, which will generate potential employment opportunities for over 702 persons.
  • A 3 MTPA Iron Ore Satellite Grinding Unit and 3 MTPA Slurry Pipeline along with return water pipeline by M/s Ardent Steel Limited against an investment of INR 80.5 crore to be set up in Banspal, Dist- Keonjhar, which will generate potential employment opportunities for over 60 persons.
  • A Manufacturing unit for razor shaving blades of 45 crore units annual capacity and disposable razors of 3 crore units annual capacity by M/s Safe Lancet Engineering Private Limited against an investment of INR 100 crore to be set up in Khordha, which will generate potential employment opportunities for over 90 persons.
  • An 8,75,000 MTPA capacity Integrated Carbon Complex in two phases by M/s. Epsilon Carbon Ashoka Pvt. Ltd. against an investment of INR 900 crore to be set up in Rengali, Dist- Sambalpur, which will generate potential employment opportunities for over 600 persons.
  • A 120 TPD Chloro-Alkali Complex by M/s. Orient Paper and Industries Limited against an investment of INR 162 crore to be set up in Brajrajnagar, Dist- Jharsuguda, which will generate potential employment opportunities for over 338 persons.
  • Grain-based distillery unit of capacity 200 KLPD for manufacturing of Ethanol and an IMFL bottling unit of capacity 1.50 lakh cases per annum along with 5.00 MW co-generation power plant to be implemented in two phases by M/s Coastal Biotech Private Limited against an investment of INR 200 crore to be set up in Gajapati, which will generate potential employment opportunities for over 400 persons.
  • An Integrated common hazardous waste treatment, storage and disposal facility by M/s Ramky Enviro Engineers Ltd. against an investment of INR 128.80 crore to be set up in Burujuguda, Dist- Rayagada, which will generate potential employment opportunities for over 50 persons.
  • Manufacturing unit for production of AAC Blocks & Cement sandwich panels having capacity of 1,50,000 meter3 & 3240 meter3 per annum by M/s HIL Limited against an investment of INR 63.24 crore to be set up in Balasore, which will generate potential employment opportunities for over 265 persons.
  • Manufacturing unit for production of Mattress & Fibre Pillows having combined capacity of 7,00,000 nos per annum by M/s Centuary Fibre Plates Private Limited against an investment of INR 54 crore to be set up in Khordha, which will generate potential employment opportunities for over 250 persons.

Odisha has considerably improved the production of steel and other metals and metal downstream materials over the years. These Industries are now supplying oxygen to various states amid an acute shortage of medical oxygen.

About Odisha:

Located on the east coast of India, Odisha has a coastline of 480 km along the Bay of Bengal. The modern State of Odisha was formed on 1 April 41936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Over the years the state has maintained a unique cultural identity distinct from all of its neighbouring States. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State. This website is a one-stop location for all such information.

About IPICOL:

Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice.

Business World

MoU Signing for the Integrated Steel Complex by ArcelorMittal Nippon Steel India at Kendrapara held

Mar 6, 2021 by Neel Achary 0 Comments #ArcelorMittal Nippon Steel India Limited, #Government of Odisha

Chennai, 06th March 2021: In a historic development, Government of Odisha and ArcelorMittal Nippon Steel India Limited signed a MoU for setting up an Integrated Steel Complex in Kendrapara District. This project will entail in investment of more than Rs. 50,000 crore.

ArcelorMittal Nippon Steel is one of the largest steel makers of the world and combines the financial might of the LN Mittal Group including their international presence in the sector and the technological prowess and management strength of Nippon Steel, which is a Japanese company renowned in the world for its high-technology steel products.

The MoU was signed in the august presence of Hon’ble Chief Minister Shri Naveen Patnaik and Shri L N Mittal, Chairman of the Mittal Group. Shri Prafulla Mallik, Hon’ble Minister Steel & Mines and Works and Shri Atanu Sabyasachi Naik, MLA, Mahakalpara were also present.

Hon’ble Chief Minister stated that, Kendrapara was the Karmabhumi of Biju Babu and he loved the place and its people from the core of his heart. He also stated that Kendrapara provides ideal prospects for an Integrated Steel Complex and the state Government will provide all the required support and facilitation for the setting up of this mega project. He also state that Odisha has successfully emerged and the most attractive investment destination in the country today because of its forward looking industrial policy, facilitation mechanism and robust infrastructure growth.

Mr. Mittal mentioned that he is very happy to partner with Government of Odisha in setting up this integrated steel complex at Kendrapara, which is in addition to the other investments of AM/NS in Odisha including the 6MTPA pelletization plant in Paradeep which will be expanded to 12 MTPA and the beneficiation complex in Keonjhar and slurry pipeline which are already operational.

He further mentioned that he is amazed as the speed of work by the Government of Odisha, which in his opinion is the best he has experienced in his world-wide business experience. He reiterated that AM/NS is committed to partner with Government of Odisha in the industrial growth journey of the state.

The MoU was signed by the Shri Hemant Sharma, Principal Secretary Industries and Shri Dilip Oommen, Chief Executive Officer, AM/NS India. Chief Secretary, Development Commissioner, Principal Advisor to Hon’ble Chief Minister, Secretary to Hon’ble Chief Minister Transformation and Initiatives (5T) and other senior officials of the state Government were also present.

About IPICOL:

Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice.

Business World, News

CM Naveen Patnaik Inaugurated 22 major industrial projects worth INR 13,311.53 Cr…

Feb 18, 2021 by Rekha Nair 0 Comments #Captain Shri Dibya Shankar Mishra, #Government of Odisha, #Hon’ble Chief Minister Shri Naveen Patnaik, #industries, #Micro, #Minister of Energy, #Small & Medium Enterprises

Chennai: Hon’ble Chief Minister Shri Naveen Patnaik today performed Groundbreaking of 17 industrial projects and inaugurated 5 projects. The projects are ranging from Metal and downstream, Tourism, Textile and apparel, Cement, Plastic and Food processing sectors. In a major boost to the Make in Odisha, these 22 industrial units with a combined investment of INR 13,311.53 Crore will generate employment opportunities for 10,677 persons in the state.

Speaking on the occasion, Hon’ble Chief Minister said, “I am pleased that step by step, we are going high with impressive investments in the manufacturing sector, making the position of our State stronger as a Manufacturing Hub of India. Our consistent efforts to improve the investment ecosystem laced with our peaceful social climate are paying off to realize our desired goal.”

He further added that “I am glad that, at the 11th phase of groundbreaking and inauguration ceremony today, we are launching 22 industrial projects with an investment of over Rs 13 thousand crore that can create jobs for over 10 thousand 6 hundred persons. The Mo Sarkar and 5T Initiatives of my Government are solidly in place to effectively streamline the investment facilitation mechanism in the State. We must ensure that the Citizens and Businesses are provided services from the Government in a hassle-free and time-bound manner. Towards this objective, the launching of the mobile version of GO PLUS, the land bank information system will be particularly helpful for Micro, Small and Medium Enterprises in the State.”.

Captain Shri Dibya Shankar Mishra, Minister of Energy, Industries, Micro, Small & Medium Enterprises, Government of Odisha added, “Over the past few months, the state under the 5T charter and Mo Sarkar initiative, developed and enabled online registration and approval systems for over 30 Government to Business services. These systems will now ensure hassle-free and prompt services for industries right from the state Department level to the district and block levels. Further, the state Single Window System GO SWIFT has been further streamlined and now provides over 50 services covering 18 Departments through an end-to-end online mechanism with no need for any physical touchpoint between the applicant and the approving authority.”

The other dignitaries were present in the ceremony were, Shri Suresh Chandra Mahapatra, Chief Secretary, Shri Hemant Sharma, Principal Secretary Industries, Shri Sanjay Kumar Singh, CMD IDCO, Shri Satyabrat Sahu, Principal Secretary, MSME, Dr Nitin Jawale, MD, IPICOL.

The projects that were inaugurated including:

● A logistic park by KTL Logistics and Services Limited(Purvi Bharat) against an investment of INR 182.28 crore in Choudwar, Cuttack, which will generate potential employment opportunities for over 850 persons.

● A five-star hotel in Bhubaneswar by Lifeline Multi-ventures Pvt. Ltd. against an investment of INR 150.38 crore which will generate potential employment opportunities for over 240 persons.

● A Pellet plant Expansion from 0.3 MTPA to 1.2 MTPA capacity by Shyam Metalics and Energy Limited against an investment of INR 76.92 crore in Pandloi, Dist – Sambalpur, which will generate potential employment opportunities for over 610 persons.

● A Water and Amusement Park by Fun Leela Water Park against an investment of INR 4.49 crore in Lahandabud, Jharsuguda, which will generate potential employment opportunities for over 33 persons.

● A Waste Plastic Recycling plant by Lackeir Stilit Plastic Industry against an investment of INR 1.60 crore in Rambha Ganjam, which will generate potential employment opportunities for over 78 persons

The projects for which ground-breaking was done are:

● Expansion of Jindal Stainless’s Crude Stainless Steel capacity From 1.1 MTPA to 3.2 MTPA and Cold Rolling Mill capacity from 0.8 MTPA to 2.4 MTPA in Kalinganagar, Jajpur by Jindal Stainless Ltd against an investment of INR 6,840 crore which will generate potential employment opportunities for over 2,236 persons.

● Expansion of Yazdani Steel & Power’s Integrated steel plant from 0.07 MTPA to 1.19 MTPA in Kalinganagar, Jajpur by Yazdani Steel & Power Limited against an investment of INR 2,415 crore which will generate potential employment opportunities for over 2867 persons.

● Additional Clinker capacity of 1.32 MTPA and Cement capacity of 1.05 MTPA at Kutra, Sundergarh by Shiva Cement Limited (SCL) against an investment of INR 1,523.24 crore which will generate potential employment opportunities for over 600 persons.

● Expansion of MGM Minerals’s project by setting up 0.125 MTPA Sponge Iron Plant, 0.6 MTPA Pellet Plant, 0.25 MTPA MS Billets, 0.25 MTPA TMT & Wire Rods and 40 MW Captive Power Plant at Nimdha, Dhenkanal by MGM Minerals Limited against an investment of INR 801.89 crore which will generate potential employment opportunities for over 1215 persons.

● Expansion of GM Iron & Steel’s project by setting up 0.8 MTPA Pellet Plant, 0.2379 MTPA DRI plant, 0.195 MTPA Billet, 0.24 MTPA Wire Rod Mill, 0.416 MTPA Slag Cement and 46 MW Captive Power Plant at Parjang, Dhenkanal by GM Iron & Steel Company Limited against an investment of INR 607.52 crore which will generate potential employment opportunities for over 591 persons.

● Cement grinding unit of 2.5 MTPA capacity at Biswali, Cuttack by Dalmia Cement (Bharat) Limited against an investment of INR 441.43 crore which will generate potential employment opportunities for over 141 persons.

● Expansion of project by setting up 0.21 MTPA Sponge Iron,1 MTPA Iron ore Beneficiation,0.6 MTPA Pellet, 0.112 MTPA MS Billets, 0.112 MTPATMT, 50 TPH Coal Washery, and 24 MW Captive Power Plant at Tumkela, Sundergarh by BR Sponge and Power Limited against an investment of INR 200.20 crore which will generate potential employment opportunities for over 550 persons.

● Aluminium Extrusion plant at Chhatabar, Khordha by Excellence Engimac Pvt Ltd against an investment of INR 12.25 crore which will generate potential employment opportunities for over 104 persons.

● A Lithium Battery, Solar Panel & Inverter manufacturing unit at Info valley II, Khordha by Surya International against an investment of INR 11.44 crore which will generate potential employment opportunities for over 213 persons.

● An Amusement park by RR Amusement Park in Bolangir against an investment of INR 10.44 crore which will generate potential employment opportunities for over 45 persons.

● A Manufacturing unit of PVC, HDPE and LDPE products at Ganeswarpur, Balasore by Pallavi Polymers against an investment of INR 8.76 crore which will generate potential employment opportunities for over 52 persons.

● A unit for Manufacturing of PP compound & PVC/HDPP plastic composite board unit at Choudwar, Cuttack by Sushant Minerals P Ltd against an investment of INR 6.50 crore which will generate potential employment opportunities for over 45 persons.

● Establishment of a stabilising Ageners, cakes, Emulsifiers & Bakery powder manufacturing unit at Chhatabar, Khordha by T.P. Ingredients Pvt Ltd against an investment of INR 4.91 crore which will generate potential employment opportunities for over 62 persons.

● A discontinuous Line PUF panel at Ramdaspur, Cuttack by Supuf Industries Pvt Ltd against an investment of INR 4.53 crore which will generate potential employment opportunities for over 46 persons.

● Manufacturing of plastic tank, rotomoulded products at Chhatabar, Khordha by Lisa Plastics against an investment of INR 3 crore which will generate potential employment opportunities for over 40 persons.

● A transformer manufacturing unit at Jaymangal, Khordha by Ranganath Transformers Pvt Ltd against an investment of INR 2.44 crore which will generate potential employment opportunities for over 25 persons.

● A Bottle Jar, Cane, Cap Closure, Key Chain manufacturing unit at Kurki, Puri by Karubaki Enterprises against an investment of INR 2.31 crore which will generate potential employment opportunities for over 33 persons.

IPICOL has recently launched the mobile version of GO-PLUS, a web-based platform to display real-time information about the industrial land available in the State. IDCO has created a land bank of 1,00,000 acres for industrial use.

Odisha is fast emerging as the ‘Manufacturing Hub of Eastern India’. Targeting the development of a conducive business environment for industrial development, the Government has always endeavoured to provide a hassle-free and conducive business environment for the investors in Odisha.

Business World, News

With Major Reforms, IPICOL successfully submits the State Reforms Action Plan – 2020

Feb 3, 2021 by Rekha Nair 0 Comments #Government of India, #Government of Odisha, #IPICOL

Bhubaneswar: IPICOL has successfully completed submission for the state of Odisha the evidence of reforms implemented under State Reform Action Plan (SRAP) – 2020 as stipulated by DPIIT, Government of India. SRAP is a list of 301 recommendations to be undertaken by states and union territories to improve the business environment for setting up and operating industries in the State.

As part of this exercise, IPICOL coordinated with 18 departments and organisations of the Government of Odisha to ensure successful implementation of the recommended reform action points. The key reform areas included: Investment enablers, labour reform enablers, sectoral reforms, public procurement, commercial dispute resolution enablers etc. These reforms will enhance the ease of doing business by ensuring online and timely services delivered by various departments and organisations of the state government.

The IPICOL has integrated additional 9 services covering 5 Departments with the State Single Window System GO SWIFT ensuring comprehensive facilitation support to industries.

One of the other key reform points implemented in SRAP has been the elimination of the requirements of renewals of certificates/ approvals/ licenses or establishment of an online auto-renewal system under 8 services.

IPICOL had earlier ensured successful implementations of district reform action plan thereby making Odisha eligible for additional borrowing permission of Rs. 1,429 crore from the Department of Expenditure, Ministry of Finance, Government of India.

These investment-friendly reforms will play a critical role in positioning Odisha as an attractive investment destination.

News

Government of Odisha approves 3 major Industrial projects at the 25th HLCA and 5 industrial projects

Jan 6, 2021 by Neel Achary 0 Comments #Government of Odisha

Bhubaneswar: The Government of Odisha continues to progress as a top investment destination in the country. IPICOL scored the “top performer” position in the Investment Promotion amongst 20 State Investment Promotion Agencies (IPAs) in a survey conducted by the Invest India and the World Bank. The report praised the state government’s efforts in attracting and hand-holding the various industrial projects.

After garnering INR 1,19,214.72 crores worth of new investments since February 2020, the HLCA chaired by Hon’ble CM Shri Naveen Patnaik today issued in-principle approval to 3 major industrial projects to the tune of INR 5358.24 crores in the Metal & Metal Downstream, Cement and Refinery & Petrochemicals sectors. These three industrial projects are further expected to render 3667 employment opportunities in the state.

The details of the five projects for which in-principle approval was accorded by HLCA are listed below:

  • Expansion of Yazdani Steel & Power Limited’s Integrated steel plant from 0.07 MTPA to 1.19 MTPA by adding capacities of 0.56 MTPA DRI, SMS 1.12 MTPA (Induction Furnace 0.52 MTPA, 0.60 MTPA Basic Oxigen Furnace), 0.87 MTPA sinter plant, 0.63 MTPA Pig Iron and 112 MW CPP against an investment of INR 2415 crores in Kalinganagar, Jajpur, with potential employment opportunities for over 2867 persons.
  • Additional Clinker capacity of 1.32 MTPA and Cement capacity of 1.05 MTPA by Shiva Cement Limited (SCL) against an investment of INR 1523.24 crores to be set up at Telighana, Kutra, Sundergarh, which will generate potential employment opportunities for over 600 persons.
  • Development of Crude Oil Terminal to be set up by Numaligarh Refinery Ltd (NRL) at Paradip in Jagatsinghpur with an investment of INR 1420 crores, which will generate potential employment opportunities for over 200 persons.

Before the HLCA meeting, State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Shri Suresh Chandra Mahapatra today cleared 5 industrial projects to the tune of INR 1085.08 crores in the Metal & Metal Downstream, Fertilizers, Food Processing and Tourism sectors. These five industrial projects are further expected to render 964 employment opportunities in the state.

The details of the five projects for which in-principle approval was accorded by SLSWCA is listed below:

  • A sulphuric acid expansion project unit with an additional annual capacity of 6,60,000 MT by Indian Farmers Fertiliser Cooperative Limited (IFFCO) against an investment of INR 400 crores to be set up at Paradip, Jagatsinghpur, which will generate potential employment opportunities for over 21 persons.
  • 0.04 MTPA Ferro Manganese plant/ 0.03 MTPA Silico Manganese, 0.12 MTPA Manganese Beneficiation, 1 MTPA Iron ore Beneficiation and 18 MW CPP plant by Patnaik Minerals Private Limited in Sundergarh at an investment of INR 243 crores, which will generate potential employment opportunities for over 367 persons.
  • A 250 KLPD grain-based distillery unit for manufacturing of Ethanol and Extra-Neutral Alcohol (ENA), and IMFL/IMIL bottling unit along with a 5.50 MW cogeneration power to be set up by Premier Alcobev Private Limited at Bamra in Sambalpur with an investment of INR 275 crores, which will generate potential employment opportunities for over 300 persons.
  • A 116 KLPD grain-based distillery plant (IMFL/ IMIL) (in two phases) and 1 lakh/month bottling plant to be set up by Cuttack Agrivet Pvt Ltd at Mundali in Cuttack against an investment of INR 112.50 crores, which will generate potential employment opportunities for over 156 persons.
  • A 4-Star- Hotel-cum-Resort by S J Developers and Housing Private Limited to be set up in Jasuapur, Pipili in Puri district with an investment of INR 54.58 crores, which will generate potential employment opportunities for over 120 persons.

At the 25th HLCA, Hon’ble Chief Minister congratulated the officials for reviving the industrial growth of the state amid the worldwide economic slowdown.

About Odisha:

Located on the east coast of India, Odisha has a coastline of 480 km along the Bay of Bengal. The modern State of Odisha was formed on 1 April 1936 but its history dates to the era of Kalinga mentioned in the Mahabharata. Over the years the state has maintained a unique cultural identity distinct from all of its neighboring States. Traditionally, the State has been known for its mineral and mining strength. Since the turn of the millennium, the focus of the State has shifted to manufacturing and services industrial growth. The State Government has also taken several unique initiatives to ensure that a hassle-free and conducive business environment is provided to the investors setting up units in the State.

About IPICOL:

Industrial Promotion and Investment Corporation of Odisha (IPICOL) is the single point of contact for all industrial investments in the State. IPICOL is responsible for devising the investment promotion, facilitation and aftercare strategy for the state of Odisha. IPICOL, as the investment promotion agency of the State of Odisha, undertakes all activities to promote Odisha as the investment destination of choice.

Business World

Odisha Economic Corridor receives approval

Sep 11, 2020 by Gouri Achary 0 Comments #Government of Odisha, #National Industrial Corridor Development and Implementation Trust, #Odisha Economic Corridor, #Odisha Economic Corridor (OEC)

In a significant development, the proposal by the Government of Odisha for the inclusion of Odisha Economic Corridor (OEC) under the National Industrial Corridor Development Program has been approved by the National Industrial Corridor Development and Implementation Trust (NICDIT). The Board of Trustees has agreed for initiation of the project development activities for the priority clusters identified for implementation under Phase-1 in the two nodes based on focused sectors identified by the State Government.

OEC will be a part of the northernmost stretch of the East Coast Economic Corridor (ECEC), the first coastal economic corridor planned in the country. The corridor has a potential to generate over INR 4 lakh Crore of manufacturing output, INR 81 Thousand crore of investment and an additional 8 Lakh direct jobs by 2025.

Two nodes have been prioritized in the influence region of the transport network (NH-16) through assessment of factors including land availability, highways, large cities, existing industrial infrastructure and port. 100 km on each side of NH-16 has been taken as the Corridor Influence Area. Node-1 called the GBK node includes 6 clusters with 6,153 acres land area in Gopalpur, Bhubaneswar, Kalinganagar industrial areas of the Ganjam, Khurda, Cuttack and Jajpur districts. Node-2 called the PKDS node includes 8 clusters with 10,558 acres of land area in the Paradip, Kendrapada, Dhamra and Subarnarekha industrial areas of the Jagatsinghpur, Kendrapada, Bhadrak and Balasore districts. New land parcels to be added during the development phase of the nodes.