The Odisha government has set the stage for a transformative economic leap by greenlighting investments worth ₹44,793 crore across pivotal sectors like petrochemicals, green energy, steel, and biotechnology. These projects, expected to generate over 23,000 jobs, reflect Odisha’s strategic vision under the ambitious “Utkarsh Odisha 2025” initiative.
Key Projects Fueling Growth
At the heart of this industrial renaissance are several groundbreaking projects, including:
- Indian Strategic Petroleum Reserves:
- ₹8,743 crore investment in a 4.00 MMT crude oil storage facility in Jajpur.
- Expected to create 5,130 jobs.
- Inox Solar Limited:
- ₹4,000 crore investment in a solar module and photovoltaic cell manufacturing unit in Dhenkanal.
- Estimated 3,400 new job opportunities.
- ACME Cleantech Solutions:
- ₹4,050.03 crore for a mushroom root fermentative protein manufacturing plant in Cuttack.
- Job creation for 3,475 individuals.
- Tata Steel Limited:
- ₹26,175 crore investment to expand operations in Jajpur, including a 2.2 MTPA cold-rolled steel facility and a 2 MTPA plate mill.
- Largest job generator with 8,000 roles.
- Himadri Green Technologies Innovation:
- ₹1,825 crore for a mineral oil and tire recycling facility in Cuttack.
- Providing 3,000 employment opportunities.
A Vision for Sustainable Growth
Chief Minister Mohan Charan Majhi lauded these projects as transformative, stating, “These investments underscore Odisha’s evolution into a global industrial hub, enhancing job opportunities and sustainable growth for our people.”
With the 38th High-Level Clearance Authority (HLCA) approvals, Odisha is gearing up for a robust industrial landscape, driving economic empowerment and technological innovation.
Building Momentum for “Utkarsh Odisha 2025”
These industrial advancements coincide with the state’s flagship “Utkarsh Odisha 2025” initiative, aimed at making Odisha a beacon of industrial excellence. Recent roadshows in Delhi, Mumbai, and Singapore have drawn significant investor interest, showcasing Odisha as a preferred investment destination.
Strategic District Focus
Investments span key districts like Jajpur, Dhenkanal, and Cuttack, ensuring equitable development across Odisha. The focus on innovation, sustainability, and cutting-edge technologies positions the state as a leader in India’s industrial resurgence.
Driving Odisha’s Industrial Narrative
Industry Minister Sampad Charan Swain emphasized the strategic importance of these projects:
“Our proactive policies, world-class infrastructure, and investor-friendly environment continue to attract global attention. The approval of these projects signifies growing confidence in Odisha as India’s next big industrial frontier.”
Odisha’s Industrial Ecosystem
Odisha’s consistent focus on creating a thriving industrial ecosystem has earned it accolades as a top destination for investments. These new projects will not only enhance Odisha’s economic potential but also catalyze innovation and sustainability, aligning with global trends.
With strategic leadership under Chief Minister Mohan Charan Majhi and Industry Minister Dibyashankar Mishra, Odisha is on a trajectory to redefine industrial development in India, driving inclusive growth and sustainable progress.
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