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Odisha Govt Approves Rs 3,898.5 Cr In New Investments With 7464 Job Creation

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Odisha Govt Approves Rs 3,898.5 Cr In New Investments With 7464 Job Creation

by OB Bureau
May 2, 2025
in Business, Government, Odisha, Policy & Politics
Reading Time: 3 mins read
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Bhubaneswar: The Odisha government continues to accelerate industrial growth with the approval of 19 investment projects worth Rs 3,898.54 crore during the 136th State Level Single Window Clearance Authority (SLSWCA) meeting on Friday.

Chaired by Chief Secretary Manoj Ahuja, the approved proposals are expected to generate 7,464 new employment opportunities across the state, an official statement said.

The cleared proposals span a diverse range of high-impact sectors including Steel, Iron & Ferro Alloys, Industrial Gases, Logistics, Food & Beverage, Agro-Processing, Tourism & Hospitality, Chemicals, Metal Downstream, and Apparel & Textile—further solidifying Odisha’s position as one of India’s most attractive investment destinations.

The projects will be implemented across 11 districts: Angul, Balasore, Cuttack, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, Koraput, Sambalpur and Sundargarh – ensuring balanced regional development and inclusive economic growth.

The Steel, Iron & Ferro Alloys sector in Odisha is witnessing a major thrust with four significant investment proposals aimed at strengthening the state’s industrial ecosystem. TATA Steel is set to enhance its crude steel capacity from the proposed 6.5 MTPA to 7.1 MTPA with an additional investment of Rs 700 crore, generating 375 new jobs.

In Keonjhar, Sree Metaliks Limited will invest Rs 885 crore to expand its integrated steel plant, creating 950 employment opportunities. Lal Baba Seamless Tubes Pvt Ltd plans to establish a Rs 200 crore precision tube manufacturing facility in Cuttack, generating 500 jobs, while Surlon India Ltd will set up a Rs 55 crore railway component manufacturing unit in Sundargarh, expected to employ 1,000 individuals. These projects further reinforce Odisha’s stature as a hub for metal and materials manufacturing.

In a significant development for the industrial gases segment, Linde India Ltd is set to invest Rs 425 crore in establishing a state-of-the-art air separation unit in Jajpur. The facility will have an annual production capacity of over 12 lakh metric tonnes of industrial gases and is expected to create 100 direct employment opportunities.

Bhuvaneshwari Foods & Beverages Pvt Ltd will invest Rs 300 crore to set up a beverages manufacturing unit in Khurda, projected to generate 820 employment opportunities.

Odisha’s logistics and infrastructure capabilities are set for a major upgrade with two impactful projects. ACME Clean Energy Pvt Ltd will develop a Rs 366.50 crore jetty-less floating terminal in Ganjam, aimed at improving maritime logistics and creating 75 jobs. In Khurda, Vasanth Vihar Constructions will establish a Rs 134.50 crore logistics park, expected to generate 296 employment opportunities, supporting the state’s growing industrial base with world-class logistics infrastructure.

Tourism and Hospitality sector attracted six projects across Khordha, Ganjam, Angul, and Koraput. Key proposals include resorts and 4-star hotels by Birendra Hotels worth Rs 105 crore, Specbru Hotels worth Rs 99.86 crore, Surya Eco Resort worth Rs 86.73 crore, Tesko Hotels and Malls Infraprojects Pvt Ltd worth Rs 80 crore, Satva Oleo Pvt Ltd worth Rs 78.00 crore, and TK International LTD worth Rs 55.50 crore, generating over 1,448 jobs collectively.

Chemicals and Plastics sector is witnessing fresh investments aimed at strengthening Odisha’s manufacturing ecosystem. Jay Shree Tea & Industries Ltd will invest Rs 61 crore in setting up a Single Super Phosphate (SSP) plant in Balasore, expected to generate 200 jobs. Additionally, HVG Industries Pvt Ltd will establish a Rs 55.05 crore plastic and chemical unit in Khordha, creating 206 employment opportunities.

Further enhancing Odisha’s industrial value chain, Kalinga Infra Projects Ltd will set up a Rs 60 crore crash barriers manufacturing unit in Sambalpur, generating 314 jobs.

In Keonjhar, Shree Jagannath Supply Co will invest Rs 51.40 crore to develop a molasses blending and warehousing facility, creating 110 jobs, supporting the agro and allied industries.

Shree Sidhi Vinayak Texcolours Pvt. Ltd will establish a yarn dyeing and knits fabric processing unit in Khurda. With an investment of Rs 100 Crore, this project is expected to create 1,070 jobs, reinforcing Odisha’s potential as a hub for textile manufacturing and value-added processing.

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