Bhubaneswar, 8/1 : In a decisive move to fast-track the state’s industrial transformation, the Odisha government on Thursday approved seven major industrial projects with a cumulative investment of Rs 55,783 crore. The proposals, cleared during the 43rd High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi, are poised to generate employment for 14,507 people across four districts.
The approved projects mark a significant diversification in Odisha’s industrial portfolio, spanning sectors such as Steel, Rare Earth Manufacturing, Semiconductors, Automobiles, Industrial Gases, and Ferroalloys.
Steel and Rare Earth Lead the Charge
The lion’s share of the investment comes from the steel sector. Saffron Resources Private Limited, a JSW Group company, received the nod to establish a massive 6 MTPA integrated steel plant in Dhenkanal. With an investment of Rs 35,000 crore, this single project is expected to create approximately 8,000 jobs, reinforcing Odisha’s position as the steel hub of India.
In a strategic boost to advanced material manufacturing, Jindal Poly Films Limited will invest Rs 12,000 crore to set up a Titanium Dioxide Pigment manufacturing unit in Ganjam. This facility, falling under the rare earth manufacturing category, will have a capacity of 0.5 MTPA and is projected to employ 4,000 individuals.
High-Tech and Auto Components
Signaling Odisha’s pivot towards high-technology sectors, the HLCA approved a proposal by Sancode Semi Private Limited to set up an Outsourced Semiconductor Assembly and Testing (OSAT) unit in Khurda. The Rs 1,649.98 crore facility will create 570 high-skilled jobs, marking a crucial step in building a semiconductor ecosystem in the state.
The automobile sector also saw significant traction with a Rs 1,697 crore investment approved for a manufacturing unit in Ganjam. The facility will produce tyres, carbon black, and zinc oxide, generating employment for 685 people.
Supporting Infrastructure and Downstream Units
To support the growing industrial base, Inox Air Products Private Limited will establish an Air Separation Unit in Dhenkanal with an investment of Rs 1,300 crore, creating 180 jobs. Additionally, Ferro Alloys Corporation Limited (FACOR) will invest Rs 2,000 crore in Keonjhar for a Ferro Manganese and Silico Manganese plant, coupled with a 100 MW captive power plant, which will employ 772 people.
Vision 2036
Speaking at the meeting, Chief Minister Mohan Charan Majhi emphasized the government’s commitment to balanced regional development. “Through these investment clearances, we are focusing on different parts of Odisha to make the state strong, Atmanirbhar, and ready for Samruddha Odisha by 2036,” Majhi stated.
The projects are spread across Dhenkanal, Ganjam, Keonjhar, and Khurda, ensuring that the economic benefits of industrialization reach diverse regions of the state. This latest round of approvals underscores the state government’s aggressive push to attract domestic and global capital ahead of the ‘Utkarsh Odisha’ conclave.
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