Make in Odisha: State bags proposals worth Rs 60,000 crore

Adani Group chairman Gautam Adani promised fresh investment of Rs 15,000 crore that may generate 10,000 new jobs.

By: ENS Economic Bureau | Bhubaneswar | Published:December 2, 2016 4:17 am

Odisha on Thursday bagged investment proposals worth Rs 6,0000 crore from groups like Adani, Tata Steel, ITC, Vedanta, Aditya Birla and Adventz on the inaugural day of ‘Make in Odisha’ conclave, as Centre promised support for the state government.

Adani Group chairman Gautam Adani promised fresh investment of Rs 15,000 crore that may generate 10,000 new jobs. Adani would be expanding the capacity of Dhamra port with the addition of new LNG and LPG terminals. Also, Adani Wilmar would set up a 2,500 tonnes per annum edible oil refinery at the Dhamra port at an investment of Rs 2,300 crore.

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Vedanta Group chairman Anil Agarwal lined up Rs 20,000 crore of investment proposals over the next three years which includes Rs 12,000 crore for expansion of Lanjigarh alumina refinery from 2 MTPA to 5 MTPA. Tata Steel proposed Rs 15,000 crore investment in ramping up its steel making capacity at its Kalinganagar plant to 8 MTPA from 3 MTPA.

Aditya Birla Retail and Fashion Ltd is setting set up an apparel manufacturing unit in Odisha with a capacity of 2.5 million pieces per annum, the first unit outside Bengaluru. The foundation stone for the unit was laid by chief minister Naveen Patnaik.

ITC Limited also announced that it would procure pulpwood from Malkangiri district to feed its paperboard plant at Bhadrachalam in neighbouring Telengana.