Home Industry Rs.3,878.86 Crore Investment Cleared

Rs.3,878.86 Crore Investment Cleared

Bhubaneswar: In a significant boost to its industrial development goals, the Odisha government, under the chairmanship of Chief Secretary Manoj Ahuja, has approved investment proposals totaling ₹3,878.86 crore at the 137th State Level Single Window Clearance Authority (SLSWCA) meeting.

ACS Home, Forest, Environment and Climate Change,Satyabrata Sahu, ACS Industries, Hemant K Sharma, ACS Revenue, D K Singh, Development Commissioner, Anu Garg, Principal Secretary Energy, Vishal Dev, Principal Secretary Commerce & Transport, Usha Padhee, Principal Secretary Agriculture, Arabinda K Padhee and other senior officials attended the meeting.

This substantial investment is set to usher in 17 new industrial projects across 11 districts, with a projected creation of 10,584 job opportunities.

The approved projects span a diverse range of high-impact sectors, reflecting Odisha’s strategic vision for broad-based and inclusive industrial growth. Key sectors set to receive a major impetus include:

  • Plastics: This sector continues to attract strong investor interest, with six major proposals cleared. Notably, Greenwave Circularity Private Limited is investing ₹650.23 crore in Khordha for a recycled flakes, pellets, and resin manufacturing facility, expected to generate 600 jobs. Gurumaharaj Mining & Industries Private Limited will invest ₹239.07 crore for underground pipeline manufacturing in Khordha (860 jobs), and The Supreme Industries Limited will establish a plastic products unit in Cuttack with ₹175 crore investment (165 jobs).
  • Textiles & Apparel: MAS India Clothing Private Limited is poised to make a significant contribution with an ₹885 crore investment in a textile processing mill in Khordha, projected to create 1,700 employment opportunities. The technical textile segment also sees growth with Isolloyd Engineering Technologies Limited investing ₹51 crore in Jajpur for ceramic fibre manufacturing (175 jobs).
  • Electronics System Design and Manufacturing (ESDM): Heraeus Technologies India Private Limited will set up an advanced manufacturing unit for metallurgical sensors in Khordha (₹188.46 crore, 400 jobs). Addsoft Technologies Private Limited is also investing ₹112 crore in Cuttack for LED TVs, IoT devices, and other electronic systems, creating 330 jobs.
  • Food Processing: Ganesh Consumer Products Limited is establishing a 48,000 TPA roller flour mill in Khordha with a ₹52.38 crore investment, expected to create 110 jobs.
  • Power & Renewable Energy: Iron Triangle Limited will invest ₹310.75 crore to set up a 200 MWh Battery Energy Storage System in Balangir, reinforcing Odisha’s commitment to clean energy and generating 128 jobs.
  • Steel: The steel sector receives a substantial boost with Samaleshwari Ferrometals Private Limited’s plan to expand its sponge iron plant into a 0.5 MTPA integrated steel plant in Sambalpur, a ₹400 crore project anticipated to create 350 jobs.
  • Logistics & Infrastructure: To strengthen the state’s logistical backbone, Alpha Coal Beneficiation and Infrastructure LLP will establish a private freight terminal and coal washery in Sundargarh (₹217.40 crore, 400 jobs). Bhubaneswar Logipark Private Limited is also setting up a logistics park in Khurda with an investment of ₹218.80 crore, expected to create a significant 2,700 jobs.
  • Tourism: Raysons Enterprises Private Limited plans to develop an eco-resort, “Mayfair Hideout,” in Puri district with an investment of ₹53 crore, adding 116 jobs and aligning with Odisha’s sustainable tourism initiatives.
  • Chemicals: Special Blasts Limited will invest ₹54.99 crore for an explosives and accessories manufacturing unit in Talcher, Angul, generating 75 jobs.

Chief Secretary Shri Ahuja emphasized that these investments underscore the state government’s proactive approach to fostering industrial growth, attracting capital, and creating sustainable employment opportunities across diverse sectors and regions of Odisha. The approvals are a testament to Odisha’s growing appeal as a key investment destination, further solidifying its position in India’s industrial landscape. The state’s consistent efforts in improving the ease of doing business and providing an investor-friendly ecosystem are clearly yielding positive results.