Quote:JSW Group proposes EV manufacturing projects in Odisha with investment potential of Rs 40,000 crore

In the third phase, the JSW Group has planned to set up an EV components manufacturing complex consisting of copper smelter and lithium smelter at Paradip in Jagatsinghpur district.

The Sajjan Jindal-led JSW Group has proposed electric vehicle (EV) manufacturing industrial projects in Odisha with an investment potential of Rs 40,000 crore and could create employment opportunities for 11,000 people.

The state Cabinet, led by Chief Minister Naveen Patnaik, has approved a special incentive package in terms of land, electricity, water and capital subsidy.

“The JSW Group has proposed to set-up an EV and EV battery manufacturing unit at Naraj in Cuttack district. The one-of-a-kind advanced technology-based battery manufacturing project with capacity of 50 GWH will be the world’s largest single location project in the sector,” said chief secretary P K Jena.

Jena said the company is also planning to set up an original equipment manufacturing plant for EVs and components in the Naraj facility in two phases. In these two phases, JSW is planning to invest Rs 25,000 crore in the state, generating employment for more than 4,000 people.

In the third phase, the JSW Group has planned to set up an EV components manufacturing complex consisting of copper smelter and lithium smelter at Paradip in Jagatsinghpur district. In this phase, JSW is planning to invest Rs 15,000 crore in the state, generating employment for more than 7,000 people.

As part of the special package, the Odisha government has approved providing 1,100 acres of land to JSW Group in Cuttack at a concessional rate, 220 KV of electricity and 10 cusecs of water from Mahanadi river. The company has also been assured of additional benefits, like capital subsidy of 20% of the project cost during a period of five years, said industries secretary Hemant Sharma.

The Odisha government has already identified land near Naraj, which is likely to be handed over to JSW Group for the EV manufacturing industrial projects, said Sharma.

Quote:A delegation from IHI Corporation of Japan led by its President & CEO Hiroshi Ide along with their partners ACME Clean Energy Ltd, led by Chairman Manoj Upadhyay visited Odisha on Tuesday. ACME is all set to set up a green Ammonia plant in partnership with IHI with an investment of nearly Rs 60,000 crore at Gopalpur in the state.

... ACME Group is setting up a large-scale production facility of Green Hydrogen and Green Ammonia at the Gopalpur Industrial Park with an investment of Rs 58,905 crore and employment of 3,700, an official release said.

Quote:Odisha: 23 investment projects fast-tracked

... After achieving number one position at the national level in the implementation of the industrial projects during the last quarter of 2020, the state government has put 23 investment projects on a fast track with Chief Secretary Suresh Chandra Mohapatra resolving ground-level issues through a project-wise review.

... 
Reviewing the progress of each project, Chief Secretary Mohapatra set timelines for each phase of activity. The concerned departments were asked to "adhere to the timeline scrupulously". Mohapatra also directed the project investors and project proponents to mobilize more men and machines for the early completion of the construction works.

According to a state government release, the advancement and bottlenecks of the projects in Keonjhar, Sundargarh, Mayurbhanj, and Jajpur districts were reviewed. The projects in Keonjhar district included Arcelormittal Nippon Steel India Pvt Limited, JSW Steel Ltd, Sree Metaliks Ltd, MSP Sponge Limited, Pro Minerals (Now under ESSEL mining), Jindal Steel and Power Ltd, and the establishment of IDCO industrial estate.

Similarly, the projects in Sundargarh district included JSW Cement, Dalmia Cement (Bharat) Ltd, Shree Hari Sponge Private Ltd, KAI International Private Ltd, Shiva Cement Ltd (Plant Area), Scan Steel Ltd, Agrasen Sponge Ltd, Adhunik Metaliks, Suraj Product and industrial estate IDCO.

The hotel project of Deo Residency, CJ Darcel Logistic Pvt Ltd, Saizar Logistics Ltd, and industrial estate of IDCO ongoing in Jajpur district; and, Anvil Cables, a project for the development of new industrial estate under implementation in Mayurbhanj district were also reviewed in the meeting.

The investors and project proponents placed their problems. Mainly the issues relating to advance possession of government land, operation of truck unloading station at Dubuna, issue of NOC under forest rights Act, the permission of enhanced stacking of iron ore, road connectivity, water supply, allotment of non-forest government land, approach road, ore supply, power connectivity, issue of fore No Objection Certificate (NOC), land acquisition for IDCO industrial estate, issue of consent to operate certificate, law and order matters arising out of the activities of mal-intentioned people and, land acquisition were thoroughly discussed and resolved, the state government said. (ANI)