Bhubaneswar, Feb. 19: The state government today decided to expedite implementation of 14 investment proposals received during the investors' meet held in Mumbai on February 14 and 15.
Industries secretary Sanjeev Chopra said that as many as 26 companies had held discussions with the state government during the meet. Of those, 14 companies have submitted their proposals worth Rs 70,000 crore. "The projects will be fast tracked," he said.
Chief minister Naveen Patnaik, who reviewed the proposals at a meeting today, asked the officials to expedite the process, and if needed, place those before the cabinet for approval at the earliest.
Most of these proposals are related to non-mineral sectors such as food processing, hospitality, solar power, information technology, electronics, automobile, solid waste management and smart city.
The Indian Tobacco Company (ITC) has proposed to invest Rs 800 crore in hotel and food-processing park in the state.
Ruchi Soya proposes to set up two food-processing facilities in the state at an investment of Rs 250 crore. The NSL Group wants to set up a sugar refinery project in the state with a capacity of 5,000 tonnes per day at an investment of Rs 1,000 crore.
On the other hand, a few established textile companies had expressed their interest in investing in the state. Well-known textile company Welspun is keen to set up a textile facility here. Similarly, the Mandhana Industries wants to set up a textile manufacturing unit.
A few other companies have also evinced interest in investing in the non-renewable energy sector. The Solon India has proposed to set up a 400MW solar power generation unit here. The Panchavaktra Holdings wants to set up multiple facilities in renewable energy by investing Rs 8,350 crore, while the Adani Group plans to set up an industrial park, LNG terminals, LPG facility and a solar-manufacturing facility in the state.
Thermal power major GMR Group, which has a plant in the state, has plans to invest an additional Rs 1,800 crore in expansion of its production capacity.
The state government has also attracted investment for the IT and electronics sector. The Sanmina Inc is keen to explore setting up a Rs 1,000 crore electronics-manufacturing facility here.
