Odisha Government Greenlights Industrial Investments Worth ₹32,736 Crore
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Synopsis
The Odisha government has approved industrial projects worth ₹32,736 crore across multiple sectors ahead of the Utkarsh Odisha - Make in Odisha conclave 2025. This initiative is expected to create over 18,688 jobs and enhance the state's economic landscape.
Key Takeaways
- Investment of ₹32,736 crore approved.
- Projects span Chemicals, Green Energy, Shipbuilding, and Steel.
- Over 18,688 jobs expected to be created.
- Key districts involved include Khurda, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak.
- Utkarsh Odisha 2025 conclave scheduled for January 28-29.
Bhubaneswar, Jan 25 (NationPress) In anticipation of the Utkarsh Odisha - Make in Odisha conclave 2025 set to commence on January 28, the Odisha government on Friday sanctioned a series of industrial ventures totaling an investment of ₹32,736 crore across diverse sectors.
This significant approval occurred during the 39th High-Level Clearance Authority (HLCA) meeting held here on Friday.
"During the 39th HLCA meeting, the state endorsed investments amounting to ₹32,736 crore for eight groundbreaking industrial initiatives. These projects encompass sectors such as Chemicals, Green energy equipment, Shipbuilding & repair, and Steel. The anticipated investments are projected to create employment opportunities for over 18,688 individuals, further solidifying Odisha's industrial and economic framework," the state government stated in a press release on Friday.
The HLCA convened for the second time this month in preparation for the highly awaited Utkarsh Odisha 2025.
Additionally, the state government asserted that the successful roadshows conducted in cities such as Delhi, Mumbai, and Singapore have sparked considerable investor interest, prompting various companies to consider investments in Odisha.
On this occasion, Chief Minister Mohan Charan Majhi remarked, "The endorsement of these substantial projects prior to Utkarsh Odisha 2025 signifies our state's increasing industrial prowess. These investments will yield thousands of jobs and bring direct benefits to the people of Odisha. Our aim is to position Odisha as a premier investment hub, fostering progress and prosperity for our citizens."
The sanctioned projects are distributed across pivotal districts including Khurda, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak, contributing to the enhancement of Odisha's industrial foundation.
With these initiatives, Odisha is embarking on a new chapter of industrial advancement, further asserting its role as a key player in India’s economic landscape.
Importantly, the Odisha government will conduct a two-day conclave in Bhubaneswar on January 28-29 to attract global investors.
Prime Minister Narendra Modi is set to inaugurate the grand event on January 28.
The conclave will emphasize five crucial sectors: IT, renewable energy, textiles, chemicals, and food processing.
Twelve nations, including Australia, Malaysia, Japan, Germany, Poland, and Cuba, have been invited as 'Countries of Focus' to engage in the conclave.
