17 investment proposals worth ₹3,878cr okayed

The state government Friday approved 17 investment proposals worth ₹3,878.86 crore which have the potential to generate 10,584 employment opportunities in 11 districts of the state, an official said.

- PNN & AGENCIES

The proposals were approved at the State Level Single Window Clearance Authority (SLS-WCA) meeting chaired by Chief Secretary Manoj Ahuja.

Six proposals were from the plastics sector. Greenwave Circularity Private Limited will set up a recycled flakes, pellets, and resin manufacturing facility with a capacity of 4,04,150 MT in Khurda at an investment of ₹650.23 crore. The facility is expected to generate 600 jobs.

Gurumaharaj Mining & Industries Private Limited's plan to invest ₹239.07 crore for manufacturing underground pipe-lines (UGPL) in Khurda also got approval. With an annual production capacity of 2,50,000 metres, the facility is expected to generate 860 jobs.

Supreme Industries Limited will establish a facility for plastic products in Cuttack with an investment of ₹175 crore, generating 165 jobs, while Lucro Plastecycle Private Limited will set up a post-consumer plastic recycled (PCR) granules and products unit in Jagatsinghpur district with an investment of ₹100 crore, generating 1,615 jobs, the official said.