By Our Correspondent
BHUBANESWAR: With present Industrial Policy Resolution expiring by August this year, the Naveen Patnaik has drafted a new IPR for 2020; sources said quoting media reports on Tuesday. The SLSWCA headed by the Chief Secretary is empowered to clear investments of up to Rs 1000 crore. Investments valued beyond are recommended to the HLCA.
Despite the Covid-19 cloud, Odisha had recently approved fresh investments valued at over Rs 9000 crore. On April 20, the High-Level Clearance Authority (HLCA) chaired by Chief Minister Naveen Patnaik approved two high-value investments, the proposal by Rungta Mines Ltd to ramp up steelmaking capacity from 0.9 million tonnes per annum (mtpa) to 2.85 mtpa at a cost of Rs 7836.9 crore and Dhunseri Ventures Ltd’s plan to install maleic anhydride manufacturing unit with an investment of Rs 1013.29 crore.
State Level Single Window Clearance Authority (SLSWCA) gave the go-ahead to a proposal by Niren Kumar Anand for setting up a footwear manufacturing unit with an envisaged capacity of one million pieces at an investment of Rs 62.44 crore and promising employment for 620 people.
The SLSWCA had also cleared three other investments, a proposal by Kashvi International to set up 1.2 million tonne iron ore beneficiation plant at a cost of Rs 55.23 crore, Purosteel India Pvt Ltd’s proposal to set up a manufacturing unit for tubes & pipes PVD coating and finished sheets & profiles at an investment of Rs 53.42 crore and Rs 80-crore investment proposal by Odisha Carriers & Trade to set up three logistics parks cum fulfillment centres.
