Bhubaneswar: High-Level Clearance Authority (HLCA) headed by Chief Minister Mohan Charan Majhi today approved a record-breaking Rs 1,36,622.24 crore investment across 20 transformative industrial projects.
The projects were approved in the second HLCA meeting of the new BJP government. These projects, spanning across diverse sectors such as steel, chemicals, green energy, textiles, and more, are poised to generate employment for over 74,350 individuals and significantly bolster State’s economic growth.
The approved 20 projects in 9 sectors including Steel, Chemicals, Aluminium, Aviation Fuel, Green Energy &Equipment, Apparel & Textiles, Power & renewable energy and Cement.
These projects are strategically distributed across10 districts of Odisha Such as, Jajpur, Jharsuguda, Khurda, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak and Jagatsinghpur strengthening Odisha’s industrial base and driving sustained economic growth.
The HLCA has approved the proposal of NeelachalIspat Nigam Limited (TATA Steel) for expansion of its integrated steel plant capacity from 0.98 MTPA to 9.50 MTPA with a cost of Rs 61,769.03 crore in Jajpur district.
Central PSU Bharat Coal Gasification and Chemicals Limited (CPSU) has proposed to invest Rs 11,782.05 crore for setting up of a manufacturing unit from High Ash Coal to Ammonium Nitrate Plant with annual capacity of 6,60,000 MT in Jharsuguda district.
The proposal of Hindalco Industries Ltd for expansion of smelter capacity from 0.38 MTPA to 0.68 MTPA with a cost of Rs 10,645 crore in Sambalpur district was also approved by the State.
Indo Asia Copper Limited (KIRI Group) has received the nod of HLCA for establishing a manufacturing unit for integrated copper anodes and fertilizer plant along with other allied products in Ganjam district with an investment of Rs 9,774.51 crore.
Odisha is the premier investment destination in Eastern India, as demonstrated by the success of the Utkarsh Odisha roadshows held in Delhi, Mumbai, and Singapore.
Under the leadership of Chief Minister Shri Majhi, the State has successfully attracted significant investor interest. As a result, this HLCA has given the green signal to many projects, establishing Odisha as a landmark destination for investors and highlighting the success of the upcoming Utkarsh Odisha 2025.
The strong coordination between the State and Central governments has delivered impressive results. In just six months since the formation of the new government in June 2024, over 1.1 lakh jobs will be created through 73 industrial projects, collectively attracting investments exceeding Rs 1,80,000 crore.
This remarkable achievement highlights the effective collaboration between the State and Central governments, showcasing the State’s commitment to fostering growth and creating a thriving business ecosystem.
The swift approval and execution of these projects reflect the government’s strategic approach and dedication to driving Odisha’s economic transformation.
Speaking at the meeting, the CM emphasized the state’s unwavering commitment to fostering an investment-friendly ecosystem.
“Through strong cooperation between the State and Central governments, we have fostered a business-friendly environment that attracts investors to Odisha. Our focus is on creating an ecosystem that promotes inclusive growth, sustainability, and job creation. With a focus on developing a strong ecosystem and creating new opportunities, Odisha is set for remarkable growth. Utkarsh Odisha 2025 will mark the beginning of a new era, positioning Odisha as a premier investment destination,” Shri Majhi said.