The meeting also gave approval to one of the leading manufacturers of aluminium extrusions. The company had submitted a proposal to set up a greenfield manufacturing unit at the Angul Aluminium Park with a capacity of 40,000 metric tonnes (mt) per annum.
The investment outlay is pegged Rs two billion with employment potential of 500 persons. The park at Angul is being developed as an exclusive state-of-the-art industrial park for ancillary and downstream industries for alumina and aluminium.
A Gujarat-based edible oil manufacturing company’s proposal to set up a 750,000 tonnes per annum vegetable oil manufacturing unit at Paradeep at an investment of Rs 20 million was also approved at the meeting. The unit will create employment opportunities for 920 people directly and indirectly.
The SLSWCA also approved the proposal of an Andhra Pradesh-based company which will invest Rs 0.71 billion to manufacture Instant Pasta and Vermicelli and Sweet Potato flour. The proposed unit will be first of its kind in the state.
The fifth investment proposal approved by the SLSWCA was that of a Kolkata-based company which will invest Rs 0.62 billion to establish an integrated cold chain service unit at the seafood park at Deras in Khordha district. The project will have employment potential for 250 people.