PTI
The Odisha government on Monday approved 14 proposals including the JSW Group’s plan to set up electric vehicles and component manufacturing units in Cuttack and Jagatsinghpur districts with an investment of Rs 40,000 crore, a senior official said. The proposals were approved at the Cabinet meeting chaired by Chief Minister Naveen Patnaik.
“The Cabinet approved a special incentive package for the JSW Group’s ambitious EV and component manufacturing projects at Naraj in Cuttack, and Paradip in Jagatsinghpur district”, chief secretary Pradeep Kumar Jena told reporters.
These projects, with a combined investment of over Rs 40,000 crore and employment potential of over 11,000, are set to usher in a new era of industrial growth and job creation in the state, he said.
