Odisha Approves Investment Proposals Worth Rs.4,982 Crore, Nearly 12,000 Jobs in Pipeline
Bhubaneswar: In a significant push towards industrial expansion, the Odisha government has approved investment proposals worth Rs.4,982.66 crore at the 138th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Manoj Ahuja. The green signal to 23 projects across 12 districts is projected to create 11,933 employment opportunities.
The cleared investments span strategic sectors including textiles, steel and downstream industries, food and beverages, chemicals, pharmaceuticals, renewable energy, IT & ITES, tourism and aerospace and defence.
- Textiles & Apparel: KPR Mill Limited will establish a large-scale garment manufacturing facility in Khordha with an investment of Rs.350 crore, aiming to produce 46.8 million pieces annually and create 5,000 jobs.
- Steel & Downstream: Vidya Minerals Pvt. Ltd. will invest Rs.620 crore in a 0.21 MTPA integrated steel plant in Sundargarh, generating 525 jobs. Jatia Steel Limited will set up a steel structure unit in Jajpur with a Rs.451.90 crore outlay, creating 175 jobs. Approvals were also granted to Amsted Steel Foundries, Mankash Enterprises, and Steelograph Ascenders.
- Food & Dairy: Hindustan Aqua Pvt. Ltd. plans to invest Rs.320 crore in a beverage unit in Sundargarh, generating 250 jobs, while Pragati Milk Products will invest Rs.114.34 crore in a dairy facility in Balasore, creating 674 jobs.
- Tourism: Six high-end hospitality projects worth Rs.479 crore across Puri, Gajapati, Nayagarh, Kandhamal, and Ganjam are set to generate 1,352 jobs.
- Emerging Tech & Energy: BonV Technology will set up a Drone Park in Khordha with a Rs.300 crore investment and 760 job potential. Luminous Power Technologies will invest ₹950 crore in a solar cell and PV module plant at Gopalpur, generating 1,000 jobs.
Other proposals include pharma, IT, green energy and chemical sector investments in Cuttack, Khordha, Bargarh and Sundargarh.
