Odisha govt approves two major investment

Two investment proposals worth Rs 563 crore were approved by the state govt at the State Level Single Window Clearance Authority (SLSWCA) meeting. The recommended units will generate employment opportunities for 1,273 people. The approved projects were in plastics and downstream aluminium sectors.

As per official sources, the SLSWCA approved the proposal of Glen Industries Pvt Ltd to set up plastic food containers and moulded paper products production unit with an annual capacity of 9,261 tonnes with a total investment of Rs63 crore. The unit will employ 273 people.

With an additional investment of Rs500 crore, the SLSWCA has also approved the proposal of Jindal Aluminium Limited to set up a 75,000-tonne capacity aluminium extrusions plant. It will produce further employment opportunities for 1000 people. The meeting was held under the chairmanship of Chief Secretary Asit Kumar Tripathy in Lok Seva Bhawan here. Secretary in the Industries department Hemant Sharma outlined the project proposals for consideration.