FCC

Odisha Approves Industrial Projects Worth Rs 327.36 Bn

2025-01-27

As the Utkarsh Odisha - Make in Odisha conclave 2025 approaches, scheduled for January 28, the Odisha government has approved several industrial projects worth a total of Rs 327.36 billion. These projects, spanning various sectors, were greenlit during the 39th High-Level Clearance Authority (HLCA) meeting. "The 39th HLCA meeting resulted in approvals for eight transformative industrial projects across key sectors, including Chemicals, Green Energy Equipment, Shipbuilding & Repair, and Steel, with investments totalling Rs 327.36 billion. These investments are expected to create employment for over 18,688 individuals, further fortifying Odisha's industrial and economic foundation," the state government stated in a press release.

The HLCA convened for the second time this month ahead of the much-anticipated Utkarsh Odisha 2025. The state further highlighted the positive outcome of roadshows held in Delhi, Mumbai, and Singapore, which have spurred significant investor interest in Odisha.

Chief Minister Mohan Charan Majhi remarked, "The approval of these substantial projects before Utkarsh Odisha 2025 underscores the growing industrial strength of our state. These investments will create thousands of jobs, benefiting the people of Odisha. We remain committed to ensuring Odisha remains a premier investment destination, driving prosperity for all."

The approved projects are spread across districts such as Khurda, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak, bolstering the state’s industrial base.

Odisha is poised to enter a new phase of industrial growth, solidifying its role as a key player in India's economic development. Notably, the Odisha government will host the two-day conclave in Bhubaneswar from January 28-29, with Prime Minister Narendra Modi set to inaugurate the event. The conclave will focus on IT, renewable energy, textiles, chemicals, and food processing, with 12 countries invited as 'Countries of Focus,' including Australia, Malaysia, Japan, Germany, Poland, and Cuba.