Odisha's Industrial Revolution: Eight Mega Projects Set to Transform the Economy
Major Industrial Investments Approved in Odisha
Bhubaneswar: In a significant advancement for industrial growth in Odisha, the state government has recently sanctioned eight major projects, amounting to an investment exceeding Rs 1.51 lakh crore, which are expected to generate over 62,000 jobs, according to officials.
These industrial initiatives were greenlit during a High-Level Clearance Authority (HLCA) meeting led by Chief Minister Mohan Charan Majhi.
The projects, which encompass sectors such as aluminium, chemicals, steel, textiles, and ancillary metal industries, are distributed across six districts: Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, and Sambalpur.
Chief Minister Majhi noted that since June 12 of the previous year, his administration has convened six HLCA meetings.
During these sessions, a total of 62 projects have been approved, representing an investment potential of Rs 5.67 lakh crore, which could create approximately 2.42 lakh jobs.
Majhi emphasized, “This development aligns with the national vision of Viksit Bharat by 2047 and our state’s goal of Samruddha Odisha by 2036. Odisha is confidently progressing towards becoming a prominent industrial and investment center in India.”
The year 2036 marks a century since Odisha's establishment.
In the aluminium sector, Vedanta Limited is at the forefront with a proposal to invest Rs 1,28,000 crore for a 3 MTPA Aluminium Smelter and a 4900 MW Captive Power Plant (CPP) in Dhenkanal.
This single project is anticipated to create around 30,000 jobs, as stated by officials.
The chemicals sector also saw a significant proposal from SRF Limited, which aims to establish a specialty chemicals and refrigerant manufacturing facility in Ganjam, with an annual capacity of 2 lakh MT, involving an investment of Rs 10,000 crore and generating 20,000 jobs.
In the steel and metal downstream sector, Jindal India Steel Tech Limited plans to build a 1.26 MTPA specialty steel processing plant in Dhenkanal, with an investment of Rs 3,600 crore, creating 2,000 jobs.
Additionally, Shyam Steel Manufacturing Limited has proposed a 0.53 MTPA integrated steel plant, DI pipe unit, and a 46 MW CPP in Keonjhar, with an investment of Rs 2,490 crore, which will employ 2,370 individuals.
Moreover, Linde India Limited is set to invest Rs 1,303.50 crore to create an Air Separation Unit in Jajpur, providing high-quality industrial gases and employing 100 people.
In the ancillary metal sector, Star Metal Works Private Limited plans to invest Rs 2,291 crore in Sambalpur to establish a narrow hot strip mill, cold rolling, and plate cum Steckle mill, generating 250 jobs.
Meanwhile, Supreme Metals Export Private Limited is also planning a 1.2 MTPA rolling mill for TMT bars and wire rods in Keonjhar, with an investment of Rs 1,500 crore, which will create 680 jobs.
In the textiles sector, Sportking India Limited will invest Rs 2,055 crore in Khurda to set up a cotton and blended yarn manufacturing unit with an annual capacity of 62,000 MT, creating 4,800 job opportunities, according to officials.