Odisha's semiconductor cluster receives Rs 510 crore
By MYBRANDBOOK
Twelve new investment proposals totaling Rs 2,794.47 crore have been authorised by the State-Level Single Window Clearance Authority (SLSWCA). A Silicocarbide (SiC) devices manufacturing plant is to be funded by an investment of Rs 510.80 crore by RIR Power Electronics at Info Valley, Khurda.
The meeting of the authority was chaired by Chief Secretary Pradeep Jena who has approved the proposal of Nuvo Aeon Diamond and Jewellery for a state-of-the-art diamond and jewellery manufacturing unit with an investment of Rs 256.50 crore. In the aluminium downstream sector, Hindalco Industries has urged to invest Rs 834 crore for the establishment of an aluminum battery foil manufacturing facility at Sambalpur. It will attract companies involved in electric vehicle (EV) battery manufacturing and encourage them to establish their units in the region.
Four Star Metaliks, Khedaria Ispat, New Laxmi Steel & Power and Abhirav Industries from the steel sector have proposed a collective investment of about Rs 900 crore in Sundargarh and Jajpur districts. New Laxmi Steel & Power has proposed to set up a 0.3 MTPA stainless steel manufacturing at Kalinganagar with an investment of Rs 547 crore while Airav Industries planned to set up a 1.2 MTPA iron ore beneficiation plant 0.8 MTPA pellet plant in Sundargarh district with an investment of Rs 231.81 crore.
In the fertilizer sector, an invest of Rs 62.07 crore will be done by Utkal Phosphates on a single super phosphate (SSP) and granulated single super phosphate (GSSP) fertiliser unit with annual capacity of 1.2 lakh tonne at Paradip. Narayani Green Pack will set up a corrugated paper and paper board containers manufacturing facility for Nestle in Khurda with an investment of Rs 50.84 crore.
In food, beverage and allied sector, Maa Tarini Roller Flour Mills is slated to invest Rs 58.30 crore on a fully-automated flour mill in Khurda while Milk Mantra proposed to set up diary products manufacturing unit at Gop in Puri district with an investment of Rs 51.10 crore. Mayfair Hotels and Resorts proposed an investment of Rs 73 crore in Jharsuguda in tourism sector.
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