Small BusinessOrissa clears Rs 30,000 cr investment proposals
The Orissa government today approved 16 investment proposals worth about Rs 30,000 crore, including the expansion plan of domestic major Aditya Alumina.
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A meeting of the Single Window Clearance Committee (SWCLC) of the government, chaired by Chief Secretary T K Mishra, cleared 10 new projects and six other expansion plans besides okaying the shift proposal of five others.
"Since some projects were facing land, water and other problems, the SWCLC accepted their proposal to shift the location," Industries Secretary S Garg told reporters adding that the projects would provide direct employment to about 47,000 people besides indirect employment to about 1 lakh others.
The projects cleared include one in automobile sector, two downstream projects in steel, one cement and two power projects, Garg said.
While the expansion plan of SWCLC"s refinery from 1 MTPA to 1.5 MTPA was okayed, the capacity of its smelter was also increased from 0.26 MTPA to 0.36 MTPA, Garg said.
Aditya Alumina"s plans to increase the capacity of its captive power plant in Rayagada from 650 Mw to 900 Mw at an estimated invest of Rs 5,000 crore was approved, he said.
The committee also cleared Ind-Bharat Energy (Utkal) Ltd"s expansion plan from 700 Mw to 1,360 Mw and also approved setting up of two new power projects.