Bhubaneswar: The Odisha government on Wednesday approved 20 industrial projects, involving a total investment of Rs 76,611.86 crore, which are expected to create over 50,500 job opportunities across nine districts.
The approvals were cleared at the 45th meeting of the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Majhi. These projects span key sectors including gemstone manufacturing, green energy equipment, rare earth minerals, steel, pharmaceuticals, and power and renewable energy.
CM Majhi said that Odisha has positioned itself as one of the country’s leading investment destinations as the government completes two years in office. “Through progressive policies, improved ease of doing business, strong infrastructure, and proactive investor facilitation, we have been able to attract investments across both traditional and emerging sectors,” he noted.
“Today’s approvals reflect growing investor confidence in Odisha and our commitment to creating employment opportunities, promoting industrial growth, and ensuring balanced development across the state,” he added.
A standout feature of the approvals is the push towards gemstone manufacturing, particularly lab-grown diamonds. Three major units — Kira Diam LLP, Anjali Labtech Limited, and Grow Magnificent Private Limited — will set up operations in Khurda with a combined investment of Rs 9,817.50 crore, expected to generate 8,100 jobs. These projects are seen as a significant boost to Odisha’s ambitions in the high-value gem and jewellery sector.
The green energy equipment sector also received strong attention. Tata Power Renewable Energy Limited plans to invest Rs 10,000 crore in Ganjam to establish an ingot, wafer, and Solar PV Cell manufacturing unit, creating 5,000 jobs. Saatvik Solar Industries Private Limited will add another rs 1,709.81 crore solar PV cell facility in the same district, generating 519 jobs.
In the critical minerals and advanced materials space, several high-tech projects were cleared. NAN Magnetech Pvt Ltd will invest Rs 1,250 crore in a high-performance EV-grade NdFeB magnets unit in Khurda/Cuttack, while Larsen & Toubro Limited will set up a sintered NdFeB permanent magnets facility in Ganjam with Rs 2,400 crore. World Titanium Industry Pvt Ltd received approval for a Rs 2,800 crore titanium dioxide slag and pigment manufacturing unit in Ganjam. These projects together are projected to create around 5,500 jobs and strengthen Odisha’s role in the value chain for rare earths and strategic materials.
Traditional sectors like steel continue to dominate the investment pipeline. Rashmi Metallurgical Industry Pvt Ltd’s Rs 15,000 crore 4 MTPA integrated steel plant in Jajpur is the largest single project, expected to generate 11,000 jobs. Other significant steel investments include Shyam Metalics and Energy Limited’s Rs 7,580 crore unit in Sambalpur and multiple expansion and new projects by SMC Power Generation, BR Steel & Power, and others.
Additional notable approvals include Ratnamani Metals and Tubes’ integrated specialty steel unit in Jajpur, Nectar Lifesciences’ pharmaceutical plant in Sambalpur, Jupiter Wagons’ railway coach manufacturing facility in Jajpur, and a pumped storage hydro power project by Rajapuspa Renova in Malkangiri.
The Chief Minister emphasised that these investments align with the state’s vision of balanced regional development. “With progressive policies, robust infrastructure, and a strong commitment to ease of doing business, Odisha continues to attract investments across both emerging and core sectors. These projects will contribute significantly to employment generation, industrial diversification, and inclusive economic growth,” he added.
