Odisha’s Industrial Growth: Rs 1.51 Lakh Crore Investment Approved

Odisha’s government has given the green light to eight massive projects. These projects will bring in a total investment of Rs 1.51 lakh crore. This is a significant boost for the state’s industrial growth.

Job Creation and Sector Coverage

These projects will create over 62,000 jobs. They were approved during a high-level meeting led by Chief Minister Mohan Charan Majhi. The projects will span six districts: Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, and Sambalpur. They cover key sectors like aluminium, chemicals, steel, textiles, and downstream metal industries.

Progress Towards National and State Goals

Since June last year, the government has held six such meetings. In total, 62 industrial projects have been cleared. These projects account for investments worth Rs 5.67 lakh crore. They have the potential to create 2.42 lakh jobs across the state.

Chief Minister Majhi stated, “This progress is a clear step towards the national goal of Viksit Bharat by 2047 and the state’s vision of Samruddha Odisha by 2036. Odisha is moving confidently towards becoming a leading industrial and investment hub in India.”

Breakdown of Investments

Odisha will complete 100 years as a state in 2036. Here’s a breakdown of the investments planned across the eight districts:

Aluminium Sector

• Vedanta Limited will invest Rs 1.28 lakh crore in Dhenkanal. They will set up a 3 MTPA aluminium smelter and a 4900 MW captive power plant. This project will create 30,000 jobs.

Chemicals Sector

• SRF Limited plans to invest Rs 10,000 crore in Ganjam. They will set up a specialty chemicals and refrigerant manufacturing unit. This will create 20,000 jobs.

Steel Sector

• Jindal India Steel Tech Limited will invest Rs 3,600 crore in Dhenkanal. They will set up a 1.26 MTPA specialty steel processing unit. This will generate 2,000 jobs.
• Shyam Steel Manufacturing Limited will invest Rs 2,490 crore in Keonjhar. They will set up a 0.53 MTPA integrated steel plant. This includes a ductile iron pipe unit and a 46 MW captive power plant. The project will create 2,370 jobs.
• Supreme Metals Export Private Limited will invest Rs 1,500 crore in Keonjhar. They will set up a 1.2 MTPA rolling mill for TMT bars and wire rods. This will create 680 jobs.

Textiles Sector

• Sportking India Limited will invest Rs 2,055 crore in Khurda. They will set up a cotton and blended yarn manufacturing unit. This unit will have an annual production capacity of 62,000 MT. The project will generate 4,800 jobs.

Other Sectors

• Linde India Limited plans to invest Rs 1,303.50 crore in Jajpur. They will set up an Air Separation Unit. This unit will supply high-quality industrial gases and create 100 jobs.
• Star Metal Works Private Limited will invest Rs 2,291 crore in Sambalpur. They will set up a narrow hot strip mill, cold rolling mill, and plate-cum-Steckle mill. This project will generate 250 jobs.