HLCA, Approves Five Projects Worth ₹ 1.46 Lakh Crore
HLCA, Approves Five Projects Worth ₹ 1.46 Lakh Crore
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Bhubaneswar, July 7: The state High Level Clearance Authority, chaired Chief Minister Sri Naveen Patnaik, today approved five major industrial projects to the tune of ₹ 1,46,172 crore in metal and metal downstream sectors. These five projects are expected to create employment opportunities for 26,959 persons. Approving these projects, Chief Minister Sri Patnaik said that all these projects need a big push forward to realize the steel dream of Odisha.
This is in line with Chief Minister’s vision of 2030 for making Odisha the steel hub of India. All these five projects will create an additional steel production capacity of 28 million tons. This will almost double the steel production capacity of the state to 58 million tons, which is currently at 30 million tons per annum. This will help to achieve the goal to produce 100 million tons of steel by 2030. The state has currently a production capacity of 30 million tons, way ahead of a meagre 2 million tons in the year 2000.
It may be noted here the state has been able to attract investments to the tune of ₹ 2.96 Lakh Crore in 2020-21 despite the Covid pandemic. With today’s additional investments the total investments since last year will be ₹ 4.43 Lakh Crore.
