Bhubaneswar: The State Government has approved 12 key industrial projects worth over Rs 39,000 crore during the 36th High-Level Clearance Authority (HLCA) meeting held under the chairmanship of Chief Minister Mohan Charan Majhi on 18 September.
The State Government sanctioned a total investment of Rs 39,271.50 crore, which is expected to generate employment opportunities for 17,098 individuals across various sectors.
Officials said the Chief Minister had set a target of attracting industrial investments to the tune of Rs 2.5 lakh crore in the coming five years. However, in the first 100 days of the new government itself, 90 percent of the annual target has been achieved, as investments of Rs 44,682.92 crore have already been approved, generating employment opportunities for 36,462 persons.
Earlier, the State-Level Single Window Authority meeting held in July approved projects spanning a wide range of industries, including ESDM, steel, metal downstream, chemicals, cement, green ammonia, and rubber/plastics.
These projects, strategically located in eight districts such as Khurda, Dhenkanal, Jagatsinghpur, Cuttack, Sambalpur, Ganjam, Balasore, and Keonjhar, are poised to enhance Odisha’s manufacturing capabilities and significantly contribute to the state’s economic development.
“This is our first HLCA meeting under the new government, and I am honoured to lead this significant event,” the CM said.
The State Government is committed to fostering an environment that supports industrial growth and economic development in the State, Majhi said, adding, “Our goal is to position Odisha as a premier investment destination in India.”
The Chief Minister further said that over the next five years, the State aims to attract industries in diverse sectors, making it the industrial hub of India.
He further said the State Government is contemplating and implementing various measures to make Odisha one of the most business-friendly States. The Chief Minister said Thursday’s agenda reflects Odisha’s commitment to becoming an industrial hub with a substantial total investment of over Rs 39,000 crore across diverse sectors, generating over 17,000 job opportunities.”
In a major development, three proposals from the ESDM sector have been approved, underscoring the State Government’s focus on new-age industries.
Silectric Semiconductor Manufacturing Pvt. Ltd. received approval for a Silicon Carbide Device manufacturing unit, while Heterogeneous Integration Packaging Solutions Private Limited will establish a manufacturing plant for glass substrates in the form of wafers for semiconductor packaging.
Additionally, Kaynes Circuits India Pvt. Ltd. received approval of the HLCA for a manufacturing unit for the production of Printed Circuit Boards (PCBs). All these projects will be located in Khurdha, with a combined investment of Rs 6355.50 crore.
In the Chemical sector, Laxmi Organic Industries Ltd will set up a Synthetic Organic Chemicals Manufacturing unit in Jagatsinghpur, while Epigral Limited will establish a chemical manufacturing unit in the same district. Together, these projects represent an investment of Rs 5,355.00 crore.
In the Metal Downstream sector, Electrosteel Castings Limited will establish a 500,000 MT Ductile Iron Pipe manufacturing plant in Dhenkanal, while Jindal (India) Limited will set up a steel pipe processing facility in Dhenkanal to produce ERW pipes.
This apart, Bhushan Power and Steel Limited will create a metal downstream complex in Sambalpur. These three approved projects represent a combined investment of Rs 12,191.00 crore.
The Steel sector will see investment from Shyam Steel Manufacturing Limited’s 0.5 MTPA integrated steel plant in Keonjhar, with an investment of Rs 2,510.00 crore.
The Cement sector will benefit from Ambuja Concrete North’s Cement grinding unit in Cuttack, with an investment of Rs 1,400.00 crore.
The Green Ammonia sector includes Torrent Green Hydrogen Private Limited’s Green Ammonia project in Ganjam, with a significant investment of Rs 10,260.00 crore.
In the Rubber/Plastics sector, Dalmia Bharat Refractories Limited will set up a manufacturing unit for tyres, tubes, and flaps in Balasore, with an investment of Rs 1200.00
With these projects moving forward, Odisha’s economy is expected to grow significantly, making it a top choice for investments and industrial growth in Eastern India.