BHUBANESWAR : The government of Odisha on Monday approved 10 investment proposals worth Rs 2,005 crore.  The project is expected to  provide employment opportunities for over 3,500 people in the state, officials said.

The State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Suresh Chandra Mahapatra endorsed the investment proposals including a Rs 775 crore project by Balento Enterprises Private Ltd..The company has sanctrioned to set up a 5 million tonne per annum (mtpa) iron ore beneficiation plant and 3 mtpa pellet plant at Jhumpura in Keonjhar district, the officials added.

The proposal of United Ferrocast Private Limited to build a 0.11 mtpa ferro alloys factory at Badchana in the Jajpur district with an investment of Rs 261.1 crore has been accepted by the state government. 

The Odisha government has authorised plans to build a carbon electrode paste manufacturing factory in Danagadi in the Jajpur district at an investment of Rs 205.44 crore and a pharmaceutical production and research unit at Gothapatna, Bhubaneswar, at a cost of Rs 200 crore.

The SLSWCA has also approved plans to build manufacturing facilities for sauces, jams, jellies, and marmalades at Tangi-Choudwar in Cuttack district, a manufacturing facility for chemicals at Paradeep in Jagatsinghpur district, a manufacturing facility for shrimp processing at Seafood Park in Deras in Khordha district, and a manufacturing facility for chemicals at Paradeep.

The panel has approved Runaya Aluminium Private Limited's (RAPL) request to invest Rs 80 crore in the construction of a 5,000 MT aluminium powder & pigments factory in the Jharsuguda area.  

On Monday, the state government approved a plan to build a logistics and warehousing park at Baghuapal in the Jajpur district for an expenditure of Rs 125 crore. 

On August 31, Chief Minister Naveen Patnaik will meet with diplomats from 16 different nations in Delhi and ask them to persuade their investors to invest in Odisha.  Notably, the Make in Odisha Conclave, the biennial investors' summit of Odisha, to be held from November 30 to December 4.

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