Bhubaneswar: Odisha took another decisive step towards becoming a leading investment destination as the 43rd meeting of the High-Level Clearance Authority (HLCA) on Thursday approved seven major industrial projects with an investment of Rs 55,783 crore, having the potential to generate 14507 job opportunities.
The approvals reaffirm the state government’s commitment to fast-tracking industrial development, attracting diversified investments, and creating sustainable employment opportunities for the youth of Odisha.
The projects span key sectors including Steel, Rare Earth Manufacturing, Automobiles & Auto-components, Semiconductors, Industrial Gases, Ferroalloys and Power & Renewable Energy and are spread across districts such as Dhenkanal, Ganjam, Keonjhar and Khurda.
“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,” said Chief Minister Mohan Charan Majhi while chairing the HLCA meeting.
In the Steel sector, Saffron Resources Pvt Ltd (a JSW Group Company) leads the approvals with a mega investment of Rs 35,000 crore to establish a 6 MTPA steel plant in Dhenkanal. The project alone is expected to generate around 8,000 employment opportunities, significantly strengthening Odisha’s position as a major steel manufacturing hub in the country.
Further strengthening the manufacturing ecosystem, Jindal Poly Films Limited has proposed an investment of Rs 12,000 crore in Ganjam to set up a 0.5 MTPA Titanium Dioxide Pigment manufacturing unit under the rare earth manufacturing category, creating 4,000 jobs and marking a significant step in advanced material manufacturing.
In the automobiles and auto-components sector, a reputed company will invest Rs 1,697 crore in Ganjam to establish a manufacturing unit for tyres, carbon black, and zinc oxide, generating 685 employment opportunities.
Boosting Odisha’s presence in high-tech manufacturing, Sancode Semi Pvt Limited will set up an Outsourced Semiconductor Assembly and Testing (OSAT) unit in Khurda with an investment of Rs 1,649.98 crore, creating 570 jobs and reinforcing the state’s emerging semiconductor ecosystem.
The industrial gases segment also received a boost with Inox Air Products Pvt Ltd proposing an investment of Rs 1,300 crore to set up an Air Separation Unit in Dhenkanal, generating 180 jobs and catering to the growing industrial demand for high-quality gases.
In the ferroalloys sector, Ferro Alloys Corporation Limited will invest Rs 2,000 crore in Keonjhar to establish facilities for Ferro Manganese, Silico Manganese, manganese ore beneficiation, along with a 100 MW Captive Power Plant, creating 772 employment opportunities.
Additionally, GMR Kamalanga Energy Limited will invest Rs 2,136.02 crore to set up a 350 MW thermal power plant in Dhenkanal, generating 300 jobs and strengthening the state’s power infrastructure.
The projects approved in the 43rd HLCA meeting highlight Odisha’s continued focus on industrial diversification, technology-driven growth, and balanced regional development. With swift decision-making and investor-friendly policies, the state is steadily emerging as a preferred destination for both traditional and sunrise sectors.
