Odisha Govt Approves Industrial Projects Worth ₹1.37 Lakh Crore.

In a significant move to boost the state's economy, the Odisha government has approved 20 industrial projects worth ₹1,36,622.24 crore in a High-Level Clearance Authority (HLCA) meeting on Thursday. The projects, spread across sectors such as steel, chemicals, green energy, textiles, and more, are expected to generate over 74,350 jobs, contributing significantly to Odisha's economic growth.

The approval comes as part of a broader effort to attract investment and employment to the state. In just six months since the formation of the new government in June 2024, 73 industrial projects have been approved, with investments surpassing ₹1,80,000 crore, and over 1.1 lakh jobs slated to be created.

This achievement underscores the successful collaboration between the Odisha and Central governments in fostering a favorable business environment. The projects, located in key districts including Jajpur, Jharsuguda, Khurda, Sambalpur, and others, cover nine sectors: steel, chemicals, aluminium, aviation fuel, green energy, apparel, power, and cement.

Chief Minister Mohan Charan Majhi emphasized the state’s commitment to making Odisha a premier investment hub. He highlighted the role of strong state-central cooperation in creating a sustainable, growth-oriented business ecosystem, which he believes will accelerate Odisha’s transformation into a top investment destination under the "Utkarsh Odisha 2025" initiative.

The government's proactive approach in securing swift approvals and strategic investments reflects its determination to lay the foundation for Odisha's continued industrial and economic success.

ET