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Odisha Approves Rs 4,982.66 Cr Investment Proposals, To Create 11933 Jobs

Odisha Approves Rs 4,982.66 Cr Investment Proposals, To Create 11933 Jobs

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Odisha Approves Rs 4,982.66 Cr Investment Proposals, To Create 11933 Jobs

by OB Bureau
July 24, 2025
in Business, Odisha
Reading Time: 2 mins read
Odisha Approves Rs 4,982.66 Cr Investment Proposals, To Create 11933 Jobs
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Bhubaneswar: In a significant step towards realising the vision of Samrudha Odisha by 2036, the state government on Thursday approved investment proposals worth Rs 4,982.66 crore.

The proposals were cleared during the 138th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja.

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An official statement said that a total of 23 projects received the green light, expected to generate 11,933 jobs across 12 districts. The approved proposals span vital sectors including Apparel & Textiles, Steel & Downstream Industries, Food & Beverages, Chemicals, Pharmaceuticals, Power & Renewable Energy, IT & ITES, Tourism, and Aerospace & Defence.

Major Sectoral Highlights:

Apparel & Textiles: In a boost to Odisha’s emerging textile ecosystem, KPR Mill Limited will invest Rs 350 crore in a large-scale garment manufacturing unit in Khurda, with an annual production capacity of 46.8 million pieces, creating 5,000 jobs.

Steel & Downstream Industries: Odisha further strengthens its leadership in metal manufacturing with key projects:

o Vidya Minerals Pvt. Ltd. to set up a 0.21 MTPA integrated steel plant in Sundargarh (Rs 620 crore, 525 jobs).

o Jatia Steel Limited to establish a steel structure unit in Jajpur (₹451.90 crore, 175 jobs).

o Additional proposals from Amsted Steel Foundries, Mankash Enterprises, and Steelograph Ascenders will deepen the state’s downstream capabilities.

Food & Beverages: The agro-processing sector sees significant activity:

o Hindustan Aqua Pvt. Ltd. to set up a beverage unit in Sundargarh (₹320 crore, 250 jobs).

o Pragati Milk Products Pvt. Ltd. to develop a dairy facility in Balasore (₹114.34 crore, 674 jobs).

Tourism & Hospitality: Odisha’s focus on sustainable and luxury tourism gets a major boost with six premium hospitality projects in Puri, Gajapati, Nayagarh, Kandhamal, and Ganjam worth ₹479 crore, generating 1,352 jobs, and reinforcing Odisha’s appeal as a high-end tourist destination.

Aerospace & Defence – Emerging Technologies: Odisha embraces innovation with BonV Technology Pvt. Ltd. investing Rs 300 crore in a futuristic Drone Park in Khordha, an integrated UAV ecosystem for R&D, manufacturing, and training, creating 760 jobs and establishing Odisha as a pioneer in drone technology in India.

Green Energy & Green equipment:

o Ecodynamix Green Energy Pvt. Ltd. will set up a 30 MW solar power plant in Bargarh with an investment of ₹100 crore.
o Luminous Power Technologies Pvt. Ltd. plans to establish a 1.2 GW solar cell and 1 GW solar PV module manufacturing unit at Gopalpur. The ₹950 crore project will create around 1,000 jobs

Industrial Gases, Chemicals, & Pharmaceuticals:

o Linde India to set up an Air Separation Unit in Sundergarh.
o Growing Tree Oil Refinery Pvt. Ltd. will establish a solvent extraction unit in Bargarh.
o Synnat Pharma Pvt. Ltd. to invest ₹100 crore in an API manufacturing unit in Cuttack

Information Technology: Apmosys Technologies Pvt. Ltd. will establish a software development centre in Khurda with a proposed investment of Rs 65 crore, generating 155 jobs, showcasing Odisha’s growing appeal in the digital and IT services sector.

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