Idco
The state’s nodal land acquisition agency Odisha Industrial Infrastructure Development Corporation (IDCO) has hit back at the Comptroller & Auditor General of India (CAG). This was pertaining to its report on irregular land allotment to the industries and IDCO was not happy with the results which it had published. The CAG had found IDCO guilty for irregularly conferring mortgage rights in [...] Continue Reading »
Sources close to the proceedings at NMDC Ltd have revealed that the Central government undertaking has put forth a proposal for using the government land earmarked for the abandoned ArcelorMittal project for constructing its proposed steel plant. According to the details shared by the sources, NMDC is currently holding discussions with Odisha Industrial Infrastructure Development Corporation (Idco) [...] Continue Reading »
The setting up of an integrated textiles park (ITP) has been proposed in Mayurbhanj district in Odisha. The textile park – which will give a notable boost to the state’s textile sector – has been proposed under the Scheme for Integrated Textiles Park (SITP) of Union ministry of Textiles. About the proposal for the ITP [...] Continue Reading »
There is some good news for Infosys which has not been performing as per the guidance issued by them. The state-run Odisha Industrial Infrastructure Development Corporation (IDCO) has urged the Falta Special Economic Zone (SEZ) to issue the letter of permission (LoP) to IT major Infosys to start operations at its second development centre in Bhubaneswar. [...] Continue Reading »
The developers – Aditya Birla Group owned Hindalco Industries Ltd, Saraf Agencies and state owned Odisha Industrial Infrastructure Development Corporation (Idco) – are yet to utilise full land within their notified SEZs. Around 115.70ha land is lying vacant in Hindalco’s aluminium products SEZ at Lapanga near Sambalpur. Saraf Agencies have 105.20 ha land lying vacant. [...] Continue Reading »
A nine member inter- departmental high powered project monitoring committee has been constituted by the state IT (information technology) department in a bid to expedite the completion of Info-valley project. Spread over 600 acres of land, the Info-Valley, the second IT Park in the city, has the development on slow lane, is. On the outskirts [...] Continue Reading »
Odisha Government gives permission to Odisha Industrial Infrastructure Corporation (Idco) to approve the creation of mortgage to the industries. The state government has come out with a notification saying that Odisha Industrial Infrastructure Corporation (Idco) can give permission to industries for creation of mortgage. It comes as a relief to industries which were finding it [...] Continue Reading »
