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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.

Following is an excerpt from Pioneer on this.

The State Government has decided on setting up of a Rs 120-crore sugar factory in the private sector in Koraput. With the availability of water from river Indravati and its tributaries, the sugarcane cultivation has been a big success in the blocks of Borrigumma, Kotpad and Jeypore in Koraput district and Nandahandi, Tentulikhunti, Nabarangpur and Kosagumuda blocks in Nabarangpur district. The cane is grown in about 8,000 hectares of land in the two districts per annum and over 3,000 trucks of sugarcane are produced. As there is no sugar factory in the region, farmers depend on the sugar factory at Balangir to sell their produce. Now, a sugar factory project, to be set up near Aunli in Koraput district by Indravati Sugar Company, has been cleared by the Government. The factory is expected to come up by the next crop season.

Statesman reports on this. Following are some excerpts.

Badamba-based Balaji Sugar is all set to start its sugar refinery unit by November this year with an investment of Rs 40 crore. The company has also planned to set up an ethanol plant with a capacity of 40000 litre.

… he said that the company through a special programme would lend soft loans at six per cent interest through banks to farmers as well as fertilizers and supply seeds at subsidized rates to more than 10,000 sugarcane farmers in all command areas of Jajpur, Kendrapara, Jagatsinghpur and undivided Cuttack district.

The company has announced a special plan for the farmers named Swarna Varsha in which farmers can get fabulous prizes against the number of sugarcane trucks they supply.

The new refinery will be of 2000 TCD with 100 per cent EOU (export-oriented unit) which will be manufactured from imported raw sugar from Brazil and Malaysia and will be exported to Bangladesh, Sri Lanka and Pakistan. Besides this, the company is also installing 40,000 litres per day extra neutral alcohol to be used as base product for all the distillery units in Orissa as well as neighbouring states. They are also having the plan to manufacture ethanol keeping in mind the global warming, which is an environment-friendly substitute of petrol, which is 5–10 per cent as per government directives.

On the other hand, the company has decided to set up a 20 MW power plant using crushed cane instead of coal. The factory at Badamba was sold by the state co-operative department with zero liability as well as to select the co-operative staff as per choice and head of the company without any compulsion to recruit them in the management by Balaji Sugar.