Bhubaneswar: The Odisha government on Saturday approved 10 major industrial projects with a total investment of Rs 44,241.97 crore having the potential to generate 8,765 employment opportunities across eight districts of the state.
The projects received approval at the 44th meeting of the High-Level Clearance Authority (HLCA) chaired by Chief Minister Mohan Charan Majhi.
“Odisha is shifting its focus from traditional industries to new-age, technology-driven sectors. Through these strategic HLCA approvals, we are creating opportunities for emerging businesses, strengthening advanced manufacturing and renewable energy capacity, and accelerating our journey towards Samruddha Odisha by 2036,” the Chief Minister said.
The projects span key sectors including Rare Earth Manufacturing, Semiconductor, Cement, Automobile & Auto-components, Telecom Infrastructure, and Power & Renewable Energy, and are distributed across Khurda, Koraput, Malkangiri, Dhenkanal, Puri, Nayagarh, Kalahandi and Deogarh.
Emphasising the importance of execution and timely grounding of projects, the Chief Minister stated, “Our focus is not only on attracting investments but on ensuring their timely materialisation. Approvals must translate into construction and production within predictable timelines. Through coordinated action under the spirit of Team Odisha, we are strengthening institutional mechanisms to ensure seamless transition from intent to implementation.”
In the semiconductor sector, ASP Semicon Private Limited will establish a Semiconductor Memory Chip Modules Plant in Khurda with an investment of Rs 4,620 crore, generating 2,500 employment opportunities and reinforcing Odisha’s emerging electronics and semiconductor ecosystem.
In the rare earth segment, Magnova Private Limited has proposed an investment of Rs 1,050 crore in Khurda to set up an integrated high-performance magnet manufacturing facility.
Further enhancing advanced manufacturing capabilities, Bharat Forge Limited will invest Rs 3,000 crore in Dhenkanal to establish an Automotive, Aerospace & Defence Components Manufacturing Unit, generating 1,000 employment opportunities and positioning Odisha as a high-precision engineering destination.
The cement sector witnessed significant expansion with NCL Industries Limited investing Rs 2,000 crore in Koraput and Dalmia Cement (Bharat) Ltd. setting up Integrated Cement Plant in Malkangiri with an investment of Rs 2,000 crore. Together, these projects are expected to generate 2,000 employment opportunities and promote industrial development in southern Odisha.
A major highlight of the approvals is the substantial push towards renewable energy infrastructure. Adani Hydro Energy Twelve Limited will invest Rs 9,731.47 crore in Nayagarh. Sangamam CD Hydro Consortium will invest ₹9,000 crore in Koraput. Greenko OR01 IREP Private Limited has proposed Rs 7,506.94 crore in Kalahandi, while Jindal Green PSP Two Private Limited will invest Rs 3,711.56 crore in Deogarh for pumped Storage Hydro Power Plant. These pumped storage projects collectively strengthen Odisha’s long-term energy security, grid stability, and renewable integration capacity.
In the telecom infrastructure sector, Shreetech Data Limited-CLS will invest Rs 1,622 crore to establish a cable landing station in Puri, enhancing digital connectivity and positioning Odisha as a strategic data gateway on the eastern coast.
Highlighting Odisha’s growing competitiveness and the need to capture emerging global opportunities, the CM further stated, “With global supply chains evolving and new trade opportunities emerging, Odisha must move with speed and strategic clarity. We must enhance ease of doing business, strengthen SLA-based systems, and empower ground-level facilitation so that investors experience efficiency, continuity, and confidence.”
Officials said the projects approved in the 44th HLCA meeting underscore Odisha’s clear shift towards high-value sectors, clean energy leadership, semiconductor ecosystem development, advanced manufacturing, and regionally inclusive industrialisation. With swift decision-making and investor-friendly governance, the State continues to position itself as a preferred destination for both core and sunrise sectors.
Concluding the meeting, the Chief Minister outlined a clear three-pronged action plan for all departments, Members of the High-Level Clearance Authority and senior officers, to sustain investment momentum and maintain Odisha’s competitive edge: “To remain ahead in an increasingly competitive investment landscape, we must follow a three-pronged action plan. First, we must engage in targeted investor pursuit and proactively compete to secure high-value projects. Second, we must ensure speed and ease through an enhanced and fully functional system backed by strict Service Level Agreements (SLAs). Third, we must drastically reduce project turnaround times at the ground level by empowering field-level mechanisms to resolve bottlenecks swiftly. These focused and coordinated actions will ensure that Odisha remains the preferred destination for global capital.”
