Odisha has approved 20 major industrial projects worth a cumulative ₹76,611.86 crore, with the potential to generate 50,517 employment opportunities across nine districts of the state.
The proposals were cleared at the 45th meeting of the High-Level Clearance Authority in Bhubaneswar, chaired by Chief Minister Mohan Charan Majhi. The projects span gemstone manufacturing, green energy equipment, aerospace and defence, rare earth minerals, pharmaceuticals, capital goods, chemicals, steel and renewable energy.
“Today’s approvals reflect growing investor confidence in Odisha and our commitment to creating employment opportunities, promoting industrial growth and ensuring balanced development across the state,” said Chief Minister Majhi, marking two years of his government.
Steel and ferro alloys accounted for a large share. Rashmi Metallurgical Industry will invest ₹15,000 crore in a 4 MTPA integrated steel plant in Jajpur, expected to create 11,000 jobs, while Shyam Metalics and Energy will set up a 1 MTPA steel unit in Sambalpur with an outlay of ₹7,580 crore.
A notable highlight is Odisha’s entry into lab-grown diamond manufacturing. Kira Diam LLP, Anjali Labtech and Grow Magnificent will establish facilities in Khordha with a combined investment of ₹9,817.50 crore, generating around 8,100 jobs. In the green energy segment, Tata Power Renewable Energy received approval for an ingot, wafer and solar PV cell unit in Ganjam worth ₹10,000 crore, expected to create 5,000 jobs.
The state also pushed deeper into critical minerals. N.A.N. Magnetech, Larsen & Toubro and World Titanium Industry secured clearances for rare-earth and titanium value-added units in Khordha, Cuttack and Ganjam, while Ratnamani Metals and Jupiter Wagons will add speciality steel and railway coach manufacturing capacity.
