Odisha Govt Gives Green Signal to Investment Proposals Worth Rs 608.79 Cr

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Bhubaneswar: Amid global pandemic, The Odisha Government has approved five investment proposals worth Rs 608.79 crore.

The investment’s are basically in metal downstream, distillery and other sectors.

M/s Reliable Sponge Pvt Limited proposed to set up an Iron Ore Beneficiation plant of 2.5 MTPA and Pellet Plant of 2.0 MTPA with an investment of Rs. 250 crore. The investment will generate employment to about 250 people.

Similarly, M/s Growel Feeds Pvt. Ltd. will set up a shrimp/prawn feed and fish feed manufacturing facility, with an investment of Rs 65.82crore which will in turn create employment opportunities for 700 people in the logistics and Infrastructure sector.
While, M/S Sravan Shipping Services Pvt. Ltd. Proposed to invest Rs 100 crore for developing a logistics park at Jadupur (Mahakalapada Block) in Kendrapara District, creating employment opportunity for 250 people, M/s Chilika Distilleries Pvt. Ltd. proposed make an investment of Rs 99.97 crore .

Likewise M/S OM Distilleries & Breweries Odisha Pvt. Ltd. to invest Rs 93 crore.

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