Bhubaneswar: Odisha government approved investment proposals worth Rs 32,736 crore across eight transformative industrial projects, expected to generate over 18,688 jobs in the state. The approval, granted by the High-Level Clearance Authority (HLCA), was chaired by Chief Minister Mohan Charan Majhi on Friday.
These projects span multiple sectors, including chemicals, green energy, shipbuilding, steel, and other industries aimed at boosting the state’s industrial and economic growth.
Chief minister’s statement on approval
In his address, Chief Minister Majhi emphasized that these projects are a reflection of Odisha’s growing industrial strength. “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,” he said.
The roadshows organized by Odisha government in Delhi, Mumbai, and Singapore have played a crucial role in attracting considerable investor interest, leading to the approval of these high-value projects.
Key projects and sectors of investment
Among the major proposals approved, Ksoma Green Energy Technologies Limited stands out with a plan to set up a solar module manufacturing facility in Khurda district. The facility will have an impressive capacity of 6.9 GW for both solar modules and solar photovoltaic cells. This green energy project aligns with the state’s commitment to renewable energy, which is becoming an increasingly important part of India’s energy mix.
Another major project involves Dhunseri Ventures Limited, which is planning to establish a polycarbonate manufacturing plant in Jagatsinghpur district. The project, estimated at ₹6,250 crore, is poised to play a critical role in the state’s industrial landscape by enhancing Odisha’s manufacturing capacity, particularly in the chemicals sector.
Distribution of projects across key districts
These projects will be spread across various districts of Odisha, including Khurda, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak. This wide distribution will help create balanced growth and ensure that the benefits of industrialization reach various parts of the state.
The government’s move is expected to boost the local economies of these regions by providing direct and indirect employment opportunities and encouraging the growth of related industries. For instance, the new industrial setups will require a skilled workforce, creating a ripple effect in sectors like construction, logistics, and local service industries.
Impact on Odisha’s industrial and economic landscape
The infusion of Rs 32,736 crore will strengthen the manufacturing and infrastructure sectors and significantly contribute to the state’s revenue generation in the coming years.
The approval of these major projects sets the stage for Utkarsh Odisha 2025, a key event where the state aims to showcase its industrial potential to investors, stakeholders, and business leaders from around the world. It is expected that the upcoming summit will provide further impetus to the state’s growth trajectory, making Odisha a preferred destination for investment and business expansion.
