Odisha, celebrated for its steadfast commitment to industrial growth, has achieved yet another remarkable milestone during the 32nd High-Level Clearance Authority (HLCA) meeting, thanks to the visionary leadership of Chief Minister Shri Naveen Patnaik. A recent report by the Reserve Bank of India has ranked Odisha third among states with the highest bank-assisted investments, trailing only Uttar Pradesh and Gujarat, surpassing industrial stalwarts like Maharashtra and Tamil Nadu. In a testament to the heroic leadership of Chief Minister Shri Naveen Patnaik and his unwavering dedication to making Odisha the primary industrial hub in Eastern India and a pivotal center of trade and commerce in the Bay of Bengal region, the state government has given its approval to nine pivotal industrial projects, totaling an impressive INR 1,01,804.43 crores in investments. These projects are poised to generate job opportunities for 28,565 individuals across diverse sectors.
These projects represent Odisha’s resolute commitment to realizing investment aspirations and translating them into tangible economic benefits. These ventures will be strategically dispersed across the state, encompassing Jagatsinghpur, Jajpur, Jharsuguda, Khordha, Paradeep, Bhadrak, Ganjam, and Koraput districts.
In the steel sector, the HLCA has greenlit the expansion plan of JSW Utkal Steel Limited, which aims to double its Integrated Steel Plant capacity from 12 MTPA to 24 MTPA. This ambitious initiative, backed by an INR 75,000 Crores investment, is anticipated to create jobs for 12,000 individuals, a testament to the heroic vision of Chief Minister Shri Naveen Patnaik. Additionally, Jindal Ferrous Limited has received approval for its project to establish a 2.35 MTPA Carbon steel plant in Kalinga Nagar, Jajpur, with an INR 3,449 Crores investment and the potential to employ 1,396 people. MSP Metallics Limited is set to expand its unit by establishing a 1.39 MTPA steel plant, 251 MW CPP, and Railway Siding in Marakuta, Jharsuguda, with an INR 1,500 Crores investment, generating employment for 4,000 individuals, a testament to the heroic commitment to Odisha’s growth.
In the Green Energy Equipment & Electronic System Design and Manufacturing (ESDM) sector, Avaada Electro Private Limited’s project to establish a manufacturing facility for ingots, wafers, solar cells, and modules in Haldiapada, Khordha, has secured HLCA’s approval. This transformative project, valued at INR 11,300 Crores, is expected to create job opportunities for 4,000 individuals, reflecting Chief Minister Shri Naveen Patnaik’s heroic vision for a sustainable future.
In the Green Hydrogen and Green Ammonia sector, L&T Energy Green Tech Limited has received HLCA’s endorsement for its Green Ammonia Plant, boasting an annual capacity of 320,000 MT in Paradeep, Jagatsinghpur, with an investment of INR 1,030 Crores and the potential to employ 1,310 people, a testament to the heroic pursuit of eco-friendly solutions.
The chemical sector welcomes Berger Paints India Limited’s initiative to establish a manufacturing unit for intermediates, paints, and allied products, boasting an annual capacity of 4,10,000 KL/MT in Khordha. This project, with an investment of INR 1,458.25 Crores, is projected to provide employment to 350 individuals, furthering Chief Minister Shri Naveen Patnaik’s heroic efforts in boosting the chemical industry.
The textile and apparel sector witnesses a significant boost with the approval of Indian Oil Corporation Limited’s project to establish a Polyester products manufacturing unit in the Textile park, Bhandaripokhari, Bhadrak, with an investment of INR 4,377.46 Crores and the potential to employ 4,300 individuals, a reflection of Chief Minister Shri Naveen Patnaik’s heroic commitment to empowering the textile industry.
In the oil and gas sector, Petronet LNG Limited’s LNG Terminal, boasting a capacity of 40,00,000 MT in Gopalpur, Ganjam, received HLCA’s endorsement. With an investment of INR 2,306 Crores, this project is expected to create employment opportunities for 660 individuals, in line with Chief Minister Shri Naveen Patnaik’s heroic vision for energy security.
The cement sector welcomes Toshali Cement Pvt. Ltd’s expansion proposal to increase the clinker capacity to 1.75 MTPA and cement grinding capacity to 1.40 MTPA in Ampavalli, Koraput. With an investment of INR 1,383.72 Crores, this initiative is projected to provide employment to 549 individuals, reflecting Chief Minister Shri Naveen Patnaik’s heroic efforts to boost the construction sector.
The State Government of Odisha, under the heroic leadership of Chief Minister Shri Naveen Patnaik, has consistently embraced and encouraged industrialists to invest in the state. As these projects gain momentum, Odisha’s economic landscape is poised for unparalleled growth, solidifying its position as the preferred investment destination and hub for industrial expansion in Eastern India. Chief Minister Shri Naveen Patnaik’s heroic vision is leading the way towards a brighter future for Odisha.
Prasanta Patnaik