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Odisha’s Economic Horizon Brightens Under CM Naveen Patnaik’s Vision: Rs 4,804 Crore Projects Get Green Signal

By Prasanta Patnaik Dec 8, 2023 #Featured
Odisha's Economic Horizon Brightens Under CM Naveen Patnaik's Vision- Rs 4,804 Crore Projects Get Green Signal_AMF NEWSOdisha's Economic Horizon Brightens Under CM Naveen Patnaik's Vision- Rs 4,804 Crore Projects Get Green Signal_AMF NEWS
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In a significant move towards economic expansion, Chief Minister Shri Naveen Patnaik led the approval of 19 industrial projects, collectively valued at Rs 4,804 crore, during a State-Level Single Window Clearance Authority (SLSWCA) meeting. These projects are poised to create a substantial employment boost, generating 17,553 job opportunities across various sectors.

Chaired by Chief Secretary PK Jena, the SLSWCA meeting highlighted the diversity of the approved projects, spanning industries such as apparel and textiles, steel downstream, paint (chemical), plastics, packaging/metal downstream, chemicals, food and beverages, IT infrastructure, agro processing, renewable energy/circular economy, and infrastructure. This broad spectrum of investments not only strengthens Odisha’s manufacturing capabilities but also underscores the region’s wealth of mineral resources, metallurgical expertise, and commitment to technological advancements in the IT sector.

Jena emphasized that the state’s agro industry has witnessed significant advancements, leveraging its agricultural potential. The strategic placement of the new projects across 10 districts reflects a comprehensive and inclusive industrial development strategy for Odisha.

Among the notable projects, Welspun Living Limited is set to invest Rs 200 crore in a textile facility in Kendrapada, contributing to the apparel and textiles sector and creating 2,000 jobs. Tata Steel Downstream Products Limited’s Rs 735 crore investment in a steel service centre in Kalinga Nagar, Jajpur, is expected to yield 335 potential jobs in the steel downstream segment. Additionally, Indian Metals and Ferro Alloys Limited plans to invest Rs 977.43 crore in Jajpur for the production of 2,20,000 MT Ferro Chrome and 20 MW WHRB Power, leading to the creation of 1,190 jobs in the steel (ferroalloys) sector.

Naveen Patnaik’s leadership continues to drive Odisha’s economic agenda, fostering growth, job creation, and technological progress across diverse sectors.

By Prasanta Patnaik

Prasanta Patnaik is one of the senior-most media personalities of Odisha. He is also one of the first founder members of the Associated Media Foundation.

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