The Odisha government recently approved five investment proposals worth Rs 1,508 crore which will create employment opportunities for 2,155 people.

The proposals were approved at the 78th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Aditya Prasad Padhi.

The SLSWCA accorded approval to IOCL to set up a polyester products manufacturing unit of 324 KTPA capacity at the textiles park in Bhadrak district.

The project, which will create direct and indirect employment for 185 people, will act as an anchor and help in supplying feedstock or raw material to the downstream technical textile industries which will come up in the textiles park.

The SLSWCA also approved the proposal of one of the leading manufacturers of aluminium extrusions to set up a greenfield manufacturing unit at the Angul Aluminium Park with a capacity of 40,000 metric tonnes (MT) per annum.

Odisha is one of the largest producers of sweet potato, recording 16.38 lakh ton in 2016-17. Sweet potato flour finds its use in Food Processing Industries.

The fifth investment proposal approved by the SLSWCA was that of a Kolkata-based company which will invest Rs 62.1 crore to establish an integrated cold chain service unit at the seafood park at Deras in Khordha district.