The Odisha government has approved investment proposals worth ₹39,271 crore, which are expected to generate 17,098 jobs across various sectors, officials announced.
The proposals were cleared during a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi on Wednesday. A total of 12 industrial projects were approved, spanning sectors such as electronics system design and manufacturing (ESDM), steel, metal downstream, chemicals, cement, green ammonia, and rubber/plastics.
These projects will be set up across eight districts: Khurdha, Dhenkanal, Jagatsinghpur, Cuttack, Sambalpur, Ganjam, Balasore, and Keonjhar.
"This is our first HLCA meeting under the new government. We are committed to fostering an environment that supports industrial growth and economic development in Odisha. Our aim is to position Odisha as a premier investment destination in India. Over the next five years, we seek to attract industries from diverse sectors, transforming Odisha into an industrial hub," Chief Minister Majhi said in a statement.
Majhi emphasised that the state government is implementing various measures to make Odisha more business-friendly, with a focus on industrialisation and job creation. "Today's agenda reflects our dedication to becoming an industrial hub, with over ₹39,000 crore in investment across multiple sectors, generating more than 17,000 jobs," he added.
In the ESDM sector, three projects were approved, including Silectric Semiconductor Manufacturing Private Limited’s Silicon Carbide Device manufacturing unit and Heterogeneous Integration Packaging Solutions Private Limited’s glass substrate wafer plant for semiconductor packaging.
Kaynes Circuits India Private Limited will also set up a Printed Circuit Board (PCB) manufacturing unit. These projects, all located in Khurdha district, represent a combined investment of ₹6,355.50 crore and will create 2,320 jobs.
In the chemical sector, Laxmi Organic Industries Limited and Epigral Limited received approval for synthetic organic chemical manufacturing units in Jagatsinghpur, with a total investment of ₹5,355 crore and the potential to create 1,900 jobs.
The metal downstream sector will see three projects: Electrosteel Castings Limited’s 500,000 MT ductile iron pipe manufacturing plant, Jindal (India) Limited’s steel pipe processing facility, both in Dhenkanal, and Bhushan Power and Steel Limited’s metal downstream complex in Sambalpur. These projects, valued at ₹12,191 crore, are expected to generate 5,570 jobs.
In the steel sector, Shyam Steel Manufacturing Limited will set up a 0.5 MTPA integrated steel plant in Keonjhar, with an investment of ₹2,510 crore, creating 3,640 jobs.
The cement sector will benefit from Ambuja Concrete North Private Limited’s (ACNPL) cement grinding unit in Cuttack, which involves a ₹1,400 crore investment and is projected to employ 410 people.
In the green ammonia sector, Torrent Green Hydrogen Private Limited’s green ammonia project in Ganjam will see a significant investment of ₹10,260 crore and create 1,558 jobs.
Finally, in the rubber and plastics sector, Dalmia Bharat Refractories Limited will set up a manufacturing unit for tyres, tubes, and flaps in Balasore, with an investment of ₹1,200 crore, expected to generate 1,700 jobs.
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