Business Daily from THE HINDU group of publications Thursday, Aug 10, 2006 |
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Industry & Economy
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Infrastructure States - Other States Orissa gets nod for five SEZs Our Bureau
New Delhi , Aug. 9 Orissa has bagged approval for five special economic zones (SEZs) and is poised to attract investments of Rs 12,000 crore in manufacturing, IT and ITES sectors. Of the 45 proposals formally cleared on Tuesday by the Board of Approval for establishing SEZs, Vedanta Alumina Ltd's proposal to set up an SEZ for aluminium and aluminium products, including downstream industries, got in-principle nod. This SEZ is to come up in Jharsuguda on 347 hectares at an estimated investment of Rs 5,742 crore. It will have the potential to create 7,000 jobs. The second one, also for the aluminium industry, is to be developed by Hindalco Industries on 855 hectares in Sambalpur at an estimated investment of Rs 3,909 crore and create 8,000 jobs. The third one relates to beach sand mineral processing to be developed by Saraf Agencies Pvt Ltd in Chhatrapur (Ganjam) on 230 acres at an estimated investment of Rs 1,300 crore and create 2,200 jobs. In all three manufacturing SEZs, an additional 250 acres would be developed for downstream industries. The fourth SEZ relates to four million sq ft built-up space primarily for IT and ITES sectors to be developed by DLF Ltd on 54 acres in Bhubaneswar at an estimated investment of Rs 736 crore create 4,200 jobs. The last proposal relates to a BPO SEZ to be developed by Genpact India on 25 acres in Bhubaneswar at an estimated investment of Rs 140 crore. It will potential to create 6,000 jobs, according to a statement by the State Government Information Office.
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