Odisha Chief Minister Mohan Charan Majhi chaired the 38th High-Level Clearance Authority (HLCA) meeting, during which five investment projects were approved. These projects span sectors such as refinery and petrochemicals, green energy equipment, biotechnology, steel, and chemicals.
According to the official press release, the total investment amounts to ₹44,793.03 crore, with an expected 23,005 new jobs. The approved projects are located in key districts, including Jajpur, Dhenkanal, and Cuttack.
"These investments are set to generate employment opportunities for over 23,005 individuals, reinforcing Odisha’s industrial and economic foundation," an official statement said.
The approval of these large projects before Utkarsh Odisha 2025 is a "clear sign of the state’s growing industrial strength," the chief minister remarked.
"These investments will create thousands of jobs and directly benefit the people of Odisha. Our focus is to ensure that Odisha remains a top investment destination, driving progress and prosperity for our people," Majhi said.
The success of numerous roadshows organised by the state in cities such as Delhi, Mumbai, and Singapore has generated significant interest, with several companies now looking to invest in Odisha, the statement added.
The five projects cleared by the HLCA are as follows:
- ₹8,743 crore investment by Indian Strategic Petroleum Reserves Limited to establish a 4.00 MMT crude oil facility in Jajpur, expected to generate 5,130 jobs.
- ₹4,000 crore investment by Inox Solar Limited in Dhenkanal to set up a solar module and photovoltaic cell manufacturing unit with a capacity of 4.8 GW, creating 3,400 jobs.
- ₹4,050.03 crore investment by ACME Cleantech Solutions Pvt. Ltd. in Cuttack to establish a sustainable protein manufacturing plant focused on mushroom root fermentative protein, generating 3,475 jobs.
- ₹26,175 crore investment by Tata Steel Limited to expand operations with a 2.2 MTPA cold-rolled and coated steel products facility and a 2 MTPA plate mill in Jajpur, creating 8,000 jobs.
- ₹1,825 crore investment by Himadri Green Technologies Innovation in Cuttack to set up a mineral oil and tyre recycling products facility, generating 3,000 jobs.
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