Did the Odisha government really approve 19 investment projects worth Rs 3,898.54 cr?

Bhubaneswar, May 2 (NationPress) The Government of Odisha has officially greenlighted 19 industrial projects with a total investment of Rs 3,898.54 crore during the 136th State Level Single Window Clearance Authority (SLSWCA) meeting held on Friday, chaired by Chief Secretary Manoj Ahuja.

According to the official announcement from the state government, these approved projects are anticipated to create 7,464 new job opportunities throughout the state.

The projects cover a wide array of impactful sectors, including Steel, Iron & Ferro Alloys, Industrial Gases, Logistics, Food & Beverage, Agro-Processing, Tourism & Hospitality, Chemicals, Metal Downstream, and Apparel & Textile, further establishing Odisha as one of India’s leading investment hubs.

These initiatives will be rolled out across 11 districts: Angul, Balasore, Cuttack, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khordha, Koraput, Sambalpur, and Sundargarh, ensuring balanced regional development and fostering inclusive economic growth.

Among the projects approved, Tata Steel plans to boost its crude steel production capacity from the proposed 6.5 MTPA to 7.1 MTPA with an additional investment of Rs 700 crore, which will create 375 new jobs.

In Keonjhar, Sree Metaliks Limited will invest Rs 885 crore to expand its integrated steel plant, generating 950 jobs. Lal Baba Seamless Tubes Pvt Ltd intends to set up a Rs 200 crore precision tube manufacturing facility in Cuttack, which will create 500 jobs, while Surlon India Ltd plans to establish a Rs 55 crore railway component manufacturing unit in Sundargarh, expected to employ 1,000 individuals.

In a significant advancement for the industrial gases sector, Linde India Ltd is set to invest Rs 425 crore in a state-of-the-art air separation unit in Jajpur, which will have an annual capacity exceeding 12 lakh metric tonnes of industrial gases and is expected to generate 100 direct jobs, as per the state government.

Moreover, Bhuvaneshwari Foods & Beverages Pvt Ltd will invest Rs 300 crore to build a beverages manufacturing unit in Khordha, projected to create 820 job opportunities. ACME Clean Energy Pvt Ltd will develop a Rs 366.50 crore jetty-less floating terminal in Ganjam, aimed at enhancing maritime logistics and creating 75 jobs.

In Khordha, Vasanth Vihar Constructions will set up a Rs 134.50 crore logistics park, expected to generate 296 job opportunities, thereby supporting the state's expanding industrial infrastructure with world-class logistics facilities.

The SLSWCA also approved several projects in sectors such as Tourism & Hospitality, Chemicals & Plastics, and textiles, among others. The official statement emphasized that “the Odisha government is dedicated to realizing the vision of Samruddh Odisha by 2036.”

With a sharp focus on inclusive industrial growth, the state is swiftly becoming a preferred destination for both national and international investors, as noted by an official.