SRAM & MRAM to invest Rs 2 trillion in Odisha, set up semiconductor unit
BHUBANESWAR: United Kingdom-based SRAM & MRAM Group vice-chairman Gurujee Kumaran Swami on Saturday announced that the group will invest Rs 2 lakh crore in Odisha to set up semiconductor unit in the state. The announcement was made at the Make in Odisha (MIO) Conclave, 2022 here. Swami and the company’s Odisha in-charge Debadutta Singh Deo […]
Odisha bags investment proposals worth Rs 8.90 lakh crore so far in biz summit
BHUBANESWAR: The Odisha government said that it has bagged 325 investment proposals valued at over Rs 8.90 lakh crore till the fourth day of the ongoing business summit. Four new projects were inaugurated during the five-day ‘Make In Odisha Conclave 2022’ that began on November 30, and the groundbreaking of four others was also done, […]
Odisha destined to emerge trillion-dollar economy: Naveen Patnaik woos investors
BHUBANESWAR: Claiming that Odisha is destined to become a trillion-dollar economy in the near future, Chief Minister Naveen Patnaik on Thursday assured business leaders of all support in launching their projects in the state. Patnaik said this while addressing the plenary session of the third edition of the Make In Odisha’ conclave, the state’s business […]
Naveen Patnaik inaugurates Happiest Minds Development Centre at Bhubaneswar
NEW DELHI: Happiest Minds Technologies Limited, a ‘Born Digital. Born Agile’, Mindful IT Company, announced the inauguration of a new Development Centre at Fortune Towers (5th Floor) in Bhubaneswar, taking forward its long-term investment plans for further expansion in the state in alignment with the Make in Odisha focus of the state government. Under the […]
Naveen Patnaik launches ‘Safal’ common credit portal for farmers in Odisha
NEW DELHI: Odisha Chief Minister Naveen Patnaik Wednesday launched a common credit portal SAFAL’ (Simplified Application for Agricultural Loans) for the welfare of farmers. The facility will enable farmers and agri-entrepreneurs to access more than 300 term loan products of over 40 banks, the chief minister said while launching the portal. It has also been […]
Naveen Patnaik inaugurates IBM’s Client Innovation Center in Bhubeneswar
NEW DELHI: IBM today announced the opening of its new IBM Client Innovation Center (CIC) in Bhubaneswar, India. This is in line with the forays IBM has been making into emerging cities to get access to the diverse and rich talent available across the country. The Center will fast-track the digital transformation and economic growth […]
Odisha approves proposal to bring limestone under long-term linkage policy
BHUBANESWAR: The Odisha cabinet on Thursday approved a proposal to bring lime stone under the purview of Long-Term Linkage (LTL) policy, in a bid to streamline its supply to the industries of the state. These industries will henceforth be getting their lime stone supply through Odisha Mining Corporation Limited (OMC), said Chief Secretary SC Mohapatra. […]
Jindal Steel and Power, Hindalco bag coal mines in Odisha in auction
NEW DELHI: The second and third days of auction of coal blocks for commercial use saw Jindal Steel and Power bagging Utkal-C coal mine in Odisha, while Hindalco Industries made the highest bid for Meenakshi mine in the eastern state. While BS Ispat Ltd emerged as the highest bidder for Majra mine in Maharashtra, Assam […]
Tata to market Odisha’s Koraput Coffee
BHUBANESWAR: Tata Coffee has decided to market the beans produced in tribal-dominated Koraput district of Odisha across the country and abroad, Chief Minister Naveen Patnaik has said. Appreciating the effort of Tribal Development Co-operative Corporation of Odisha Ltd (TDCCOL), Patnaik said that Tata Coffee will procure the produce from Koraput and market it by maintaining […]
Hindalco Industries plans to invest Rs 8,000-10,000 crore in three plants
NEW DELHI: Aditya Birla group firm Hindalco Industries is planning to invest around Rs 8,000-10,000 crore in Hirakud, Silvassa and Mundra plants. The investment will be for expanding flat rolling capacity at Hirakud, Odisha, new extrusion plant at Silvassa in Dadra and Nagar Haveli, and in a greenfield site at Mundra in Gujarat with a […]
Odisha approves 5 mega steel projects worth Rs 1.46 lakh crore investment
BHUBANESWAR: The Odisha government Tuesday accorded in-principle approval for five different projects having 27.5 MT steelmaking capacity at an investment of Rs 1.46 lakh crore, official sources said. The state, which started its steel making journey from just 2 million tonne per annum (mtpa) in 2000, has so far enhanced the capacity to generate 30 […]
First consignment of non-basmati rice exports from Odisha flagged off to Vietnam
NEW DELHI: In a major boost to India’s rice exports potential especially from eastern region, a consignment has been officially flagged off today from the Paradip International Cargo Terminal (PICT), Odisha to Vietnam. This is the first time in the history of Paradip Port, non-basmati rice will be exported. Sarala foods group will ship 20 […]
Rs 110 crore ROPAX Jetty Project to come up on river Dhamra in Odisha
NEW DELHI: Ministry of Ports, Shipping & Waterways (MoPSW) has accorded administrative approval for sanction of Rs 50.30 crore for developing all-weather ROPAX (Roll-on/Roll-off Passenger)Jetty and allied infrastructure connecting Kaninali in Bhadrak district &Talachua in Kendrapara district, Odisha under the Sagarmala initiative. The Government of Odisha will fund another 50% cost of the project. The […]
Adani Enterprises bags Rs 1,169 crore highway project from NHAI in Odisha
NEW DELHI: Adani Enterprises on Friday said it has won a Rs 1,169.10 crore highway project in Odisha from the National Highways Authority of India (NHAI). The contract has been won by Adani Enterprises’ wholly-owned subsidiary Adani Road Transport Ltd (ARTL). “ARTL has received a letter of award (LOA) for …development of Six Lane Badakumari […]
Indian Oil Corp, IDCO sign MoU for Paradip Plastic Park in Odisha
NEW DELHI: Indian Oil Corporation Limited (IOCL) and Odisha Industrial Infrastructure Development Corporation (IDCO) today signed an agreement and a Memorandum of Understanding (MOU) to developParadip Plastic Park. The MoU was signed on a hybrid mode, in the presence of Minister of Petroleum & Natural Gas and Steel Dharmendra Pradhan, Naveen Patnaik, Chief Minister of […]
ArcelorMittal Nippon Steel India inks pact with Odisha to set up steel plant; Pradhan congratulates ArcelorMittal
NEW DELHI: Steelmaker ArcelorMittal Nippon Steel India (AM/NS India) on Thursday inked an agreement with the Odisha government for setting up a 12 million tonnes per annum (MTPA) greenfield integrated steel plant in Kendrapada district with an investment of Rs 50,000 crore, officials said. Chief Minister Naveen Patnaik and steel tycoon Lakshmi N Mittal were […]