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In a major boost for industrial development, the Odisha government has approved 12 significant industrial projects during the 36th High-Level Clearance Authority (HLCA) meeting, chaired by Chief Minister Mohan Charan Majhi. The state has sanctioned a total investment of ?39,271.50 crore, which is expected to create employment opportunities for 17,098 individuals across various sectors, according to a press release from the Chief Ministers Office (CMO).
Chief Minister Majhi had set a target to attract ?2.5 lakh crore in industrial investments over the next five years. Remarkably, in the first 100 days of the new administration, the government has achieved 90% of its annual target. Investments totaling ?44,682.92 crore have already been approved, generating 36,462 jobs, including those from todays proposals and those approved in the State Level Single Window Authority meeting held in July.
The newly approved projects span diverse industries such as Electronics System Design and Manufacturing (ESDM), Steel, Metal Downstream, Chemicals, Cement, Green Ammonia, and Rubber/Plastics. Strategically located across eight districts—Khurdha, Dhenkanal, Jagatsinghpur, Cuttack, Sambalpur, Ganjam, Balasore, and Keonjhar—these projects are set to enhance Odishas manufacturing capabilities and contribute significantly to the states economic growth.
Chief Minister Majhi expressed his commitment to fostering industrial growth and positioning Odisha as a leading investment destination. "This is our first HLCA meeting under the new government, and I am honored to lead this significant event. We are implementing various measures to make Odisha a business-friendly state and aim to attract diverse industries, making Odisha an industrial hub with substantial investments and job creation," he said.
Notable approvals include three ESDM sector projects in Khurdha, which will collectively invest ?6,355.50 crore and employ 2,320 people. These include a Silicon Carbide Device manufacturing unit by Silectric Semiconductor Manufacturing Pvt. Ltd., a glass substrate manufacturing plant by Heterogeneous Integration Packaging Solutions Private Limited, and a Printed Circuit Boards (PCBs) manufacturing unit by Kaynes Circuits India Pvt. Ltd.
In the chemical sector, Laxmi Organic Industries Ltd and Epigral Limited will invest a combined ?5,355.00 crore in Jagatsinghpur, creating 1,900 jobs. The metal downstream sector will see Electrosteel Castings Limited, Jindal (India) Limited, and Bhushan Power and Steel Limited investing ?12,191.00 crore and generating 5,570 jobs.
The Steel sector will be bolstered by Shyam Steel Manufacturing Limiteds ?2,510.00 crore integrated steel plant in Keonjhar, which will create 3,640 jobs. The cement sector will benefit from Ambuja Concrete North Pvt. Ltd.s ?1,400.00 crore cement grinding unit in Cuttack, providing 410 jobs. Additionally, Torrent Green Hydrogen Private Limiteds ?10,260.00 crore Green Ammonia project in Ganjam is expected to generate 1,558 jobs.
In the Rubber/Plastics sector, Dalmia Bharat Refractories Limited will establish a tyre, tube, and flap manufacturing unit in Balasore with an investment of ?1,200.00 crore, creating 1,700 jobs.
The Odisha government continues to encourage investment, aiming to boost its economy and solidify its status as a premier destination for industrial growth in Eastern India. |
