Bhubaneswar, 8/1 : In a decisive move to accelerate the state’s economic engine, the Odisha government on Thursday approved seven mega industrial projects with a cumulative investment of Rs 55,783 crore. The approval came during the 43rd meeting of the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Charan Majhi at the Lok Seva Bhawan.
The cleared proposals are poised to generate employment for 14,507 people across diverse sectors, including steel, rare earth manufacturing, semiconductors, power, and automobiles. This significant development underscores the state’s aggressive push towards industrial diversification and its vision of a “Samruddha Odisha” (Prosperous Odisha) by 2036.
“Through these investment clearances, we are focusing on different parts of Odisha to make the state strong, Atmanirbhar, and ready for Samruddha Odisha by 2036,” Chief Minister Majhi stated during the meeting, emphasizing the government’s commitment to balanced regional growth.
Major Ticket Investments
Leading the pack is a massive proposal by Saffron Resources Pvt Ltd, a JSW Group company. The firm will invest Rs 35,000 crore to establish a 6 MTPA steel plant in the Dhenkanal district. This single project is expected to be a game-changer for the local economy, creating approximately 8,000 jobs.
In the rare earth and chemical sector, Jindal Poly Films Limited received the nod for a Rs 12,000 crore investment in Ganjam district. The company plans to set up a 0.5 MTPA Titanium Dioxide Pigment manufacturing unit, which will open up employment opportunities for 4,000 individuals.
High-Tech and Semiconductor Push
Marking Odisha’s entry into the high-tech manufacturing league, the HLCA approved a proposal by Sancode Semi Pvt Ltd to set up an Outsourced Semiconductor Assembly and Testing (OSAT) unit in Khurda. With an investment of Rs 1,649.98 crore, this facility will create 570 high-skilled jobs, reinforcing the state’s emerging semiconductor ecosystem.
Energy and Infrastructure Boost
The energy sector saw significant approvals as well. GMR Kamalanga Energy Limited will invest Rs 2,136.02 crore for expansion in Dhenkanal. Additionally, Ferro Alloys Corporation Limited is set to invest Rs 2,000 crore in Keonjhar for a Ferro Manganese and Silico Manganese facility, coupled with a 100 MW captive power plant, generating 772 jobs.
Other Key Approvals
Automobile Sector: A reputed company will invest Rs 1,697 crore in Ganjam to manufacture tyres, carbon black, and zinc oxide, creating 685 jobs.
Industrial Gases: Inox Air Products Pvt Ltd will set up an Air Separation Unit in Dhenkanal with an investment of Rs 1,300 crore, employing 180 people.
The projects are strategically spread across Dhenkanal, Ganjam, Keonjhar, and Khurda districts, ensuring that the fruits of industrialization reach various pockets of the state. With these approvals, the Mohan Majhi-led government continues to signal its pro-business stance, aiming to transform Odisha into the industrial hub of Eastern India.
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