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Odisha Clears 23 Industrial Projects Worth Rs 4,111 Crore, Creating 9,924 Jobs

The Odisha government has approved 23 industrial investment proposals worth over Rs 4,111 crore. These projects are expected to generate nearly 10,000 employment opportunities across eleven districts. The investments span a wide range of future-ready sectors including aerospace, defence, textiles, pharmaceuticals, and tourism. This clearance marks a significant step in strengthening the state's diversified industrial ecosystem.

Key Points: Odisha Approves 23 Industrial Projects Worth Over Rs 4,111 Crore

  • Rs 4,111.80 crore total investment
  • 9,924 new employment opportunities
  • Projects span 11 districts for balanced growth
  • Diverse sectors from aerospace to tourism
2 min read

Odisha govt clears 23 industrial projects worth over Rs 4,111.80 crore

Odisha govt approves 23 industrial projects worth Rs 4,111.80 crore, generating 9,924 jobs across 11 districts in diverse sectors like aerospace, textiles & tourism.

"reaffirming Odisha's position as a high-potential investment destination in Eastern India - Odisha Government"

Bhubaneswar, Feb 10

The Odisha government on Tuesday approved 23 industrial investment proposals with a total investment of Rs 4,111.80 crore, generating 9,924 employment opportunities, marking a major milestone towards strengthening the state's industrial ecosystem and accelerating job-led economic growth.

These proposals were approved during the 144th State Level Single Window Clearance Authority (SLSWCA) meeting held here under the chairmanship of Chief Secretary Anu Garg on Tuesday.

The approved projects span a wide range of sectors including Mechanical and Electrical Capital Goods, Apparel and Textiles, Aerospace and Defence Manufacturing, Shipbuilding and Ship Repair, Pharmaceuticals, Chemicals, Refractories, Aluminium Downstream Industries, Mineral Beneficiation, Metal Downstream, Plastics, Glass Manufacturing, Logistics and Warehousing, Infrastructure, and Tourism and Hospitality, reflecting the State's diversified, future-ready and resilient industrial strategy.

The projects will be implemented across eleven districts -Balasore, Bhadrak, Cuttack, Debagarh, Ganjam, Jajpur, Khordha, Koraput, Puri, Sambalpur and Sundargarh, ensuring regionally balanced industrial development and expanded employment opportunities.

Among the major investment proposals receiving approval from the SLSWCA on Tuesday were Kalinga Metalics Limited's 4 MTPA iron ore beneficiation plant in Sundargarh, with an investment of Rs 600 crore creating 700 jobs; Rashmi Metallurgical Industry Private Limited's 3.0 MTPA iron ore beneficiation plant with a tailing pond in Sundargarh, involving an investment of Rs 350 crore and generating 200 jobs; Water Tech India Private Limited's proposal to establish a plastic-based products manufacturing facility in Ganjam, with an investment of Rs 387 crore creating 975 jobs; and Nipha Limited's railway component manufacturing unit in Khordha, with an investment of Rs 384 crore generating 310 jobs.

"These 23 projects together account for a total investment of Rs 4,111.80 crore and 9,924 employment opportunities, reaffirming Odisha's position as a high-potential investment destination in Eastern India. With strong sectoral diversity spanning traditional manufacturing to aerospace, defence, advanced manufacturing, logistics, infrastructure and premium tourism, the State is building a resilient and future-ready industrial base," informed the state government in an official statement.

- IANS

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Reader Comments

P
Priya S
Great to see investment spread across 11 districts. Often development is concentrated in Bhubaneswar or Cuttack. This will help reduce migration from rural areas if jobs are created locally in places like Sundargarh and Koraput.
R
Rohit P
While the numbers look impressive, I hope the government ensures these projects don't harm the environment. Sundargarh and other districts have rich natural resources. Development should be sustainable, not at the cost of forests and water.
M
Michael C
As someone working in industrial policy, Odisha's single-window clearance is becoming a model for other states. Reducing red tape attracts serious investors. The sectoral spread from textiles to aerospace shows strategic planning.
S
Shreya B
Apparel and textiles sector getting approval is good. It employs many women. Hope the companies provide safe working conditions and fair wages. Real development is when growth reaches the grassroots.
K
Karthik V
The railway component manufacturing unit in Khordha is a great move. With India's focus on expanding rail infrastructure, local manufacturing will reduce costs and create a hub. More states should focus on such aligned industries.

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