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Following is an excerpt from a report in ibnlive.com.

The single window committee (SWC) on Friday approved proposals for four industrial units, two of them power plants, with an investment of Rs 1,286.61 crore.

… The proposal of M/S Beverages Private Limited to set up a soft drink beverages unit with capacity of one lakh crates per annum at Atabira in Bargarh district with an investment of Rs 59.61 crore was approved in the meeting.
Similarly, the proposal of M/S Essar Power Orissa Limited to set up 4×30 MW captive power plant in two phases at Paradip with an investment of ` 683 crore was also given the green signal.

It is expected that the project will provide employment opportunity to 200persons.

The proposal submitted by Investa Ventures Limited for setting up a LED manufacturing plant and incubation park at Chandaka near Bhubaneswar with an estimated investment of Rs 190 crore was also approved.

The plant will produce energy saving LED electric bulbs and tubes and is expected to open employment opportunities for 470 persons.

Besides, the proposal of M/S Ultra Tech Cement Ltd for expansion of the existing cement grinding capacity from 1MTPA to 3 MTPA at Jharsuguda Cement Works and bulk terminal in Cuttack district with an investment of ` 354 crore has also got the approval of the committee.

Following is from a report in Pioneer.

Chief Minister Naveen Patnaik on Friday laid the foundation-stone of the second-phase expansion of the Global Software Development Centre of TCS here at Kalinga Park Phase II.  …. The State Government, along with the Central Government, is setting up of an IT investment region in the State where IT and electronics hardware industry is an important component, he informed.

Patnaik said that to achieve the objective, industry-friendly ICT Policy-2011, IT Roadmap, Special Economic Zone (SEZ) Policy and IT Hardware Policy are being prepared to attract more IT industries to the State. The State’s IT export has crossed Rs 13,000 million during the year 2010-11 with direct employment of more than 10,000 persons.

… TCS Vice-President Projects B Sharma said that the second phase expansion is expected to be completed by March 2012, which would add 3,500 seats to the operation here. After the planned third phase, the total number of seats would be 11,000. The capital expenditure on different phases of expansion is estimated to be Rs 500 crore.

Following is an excerpt from a report in Business Standard on this.

Taiwan-based NuLight Corporation plans to invest $200 million (around Rs 900 crore) on setting up a light emitting diode (LED) manufacturing unit in the state. The unit will manufacture LED street lamps and household bulbs.

“Initially, we will invest $10 million and later scale it up to $900 million on the LED manufacturing unit in the state. Orissa as well as India has a vast market for LED street lamps and household bulbs. It will be cost-effective and energy-efficient”, S S Lin, chairman of NuLight Corporation said at a press meet held on the occasion of ‘Invest Bhubaneswar-Orissa Symposium’.

The company also intends to set up an R&D (Research and Development) centre in the state on LED systems. Lin claimed that LED lighting systems can bring down power consumption by 70-80 per cent.

Daniel Lin, director, NuLight Corporation said, “We also have plans to build a green township in the state but details have not been finalized.”

Following is a excerpt from a report in Orissadiary.

Another senior functionary from Nulight Corporation said that his company is exploring the possibilities to invest and transfer technology to make Bhubaneswar a green city. “We are talking with Indian players to work together on this project.” he said.

This is wonderful news for several reasons. The Odisha government should help in speedy establishment of this and not make any hype about it. The reason this is wonderful is:

• Taiwan is a country of business owners.
• Taiwan invests a huge amount in China and other asian countries.
• Taiwan is a leader in electronics manufacturing and is earning names in semiconductor manufacturing.
• While there are IT hubs, auto hubs, etc. in India, India still does not have an electronic hub. So if Odisha plays it right it could go from one Taiwaneese electronics company to many and distinguish itself. It needs to be vigilant on the environmental aspects from day 1.

To read more about Taiwan check out this article in moneyweek. Following is an excerpt.

Taiwanese companies such as semiconductor foundry TSMC design and make many of the most advanced components that go into modern electronics. And increasingly, firms such as HTC, Acer and Asus are taking the next step up the value chain and establishing themselves as consumer brands in their own right.