Following is from a report by Bishnu Das in Business Standard.

Hyderabad based NSL group … has proposed setting up a food processing plant, a sugar refinery and a textile spinning mill in the state with a combined investment of Rs 2340 crore.

Sources said, the company keen to set up a seed processing plant at Bonda in Baragarh district at an investment of Rs 40 crore.

The project is expected to generate direct and indirect employment opportunities for 2100 persons. About 8,000 farmers would also get the benefit of contract farming. Similarly, the company proposes to set up a sugar refinery with a capacity to crush 5,000 tonnes of sugarcane per day at Paradeep.

The project is estimated to cost Rs 800 crore and it would directly and indirectly employ about 1000 persons. NSL also intends to invest Rs 1,500 crore for setting up a spinning mill in the state.

The project is expected to provide direct and indirect job opportunities and benefit about 1 lakh farmers through contract farming.

The company is in the process of submitting the detailed proposals to the state owned Industrial Promotion and Investment Corporation of Orissa Ltd. (Ipicol) in this regard.