Bhubaneswar: Five investment projects in the state were cleared by the 38th High-Level Clearance Authority (HLCA), which was presided over by Odisha Chief Minister Mohan Charan Majhi.
With a total estimated value of Rs 44,793.03 crore, the approved projects are anticipated to provide 23,005 job opportunities. These initiatives include a wide range of industries, including steel, chemicals, biotechnology, green energy equipment, refineries, and petrochemicals.
According to the official press release, “The state authorized investments totaling Rs44,793.03 crore across five transformational industrial projects during the 38th High-Level Clearance Authority (HLCA) meeting.
These initiatives include a wide range of industries, including steel, chemicals, biotechnology, green energy equipment, refineries, and petrochemicals. Over 23,005 people are expected to find work as a result of these investments, strengthening Odisha’s industrial and economic base.
Ahead of the much awaited Utkarsh Odisha 2025, the 38th HLCA conference takes place on the first day of 2025. Many businesses are now considering investing in Odisha as a consequence of the state’s successful roadshows in places like Delhi, Mumbai, and Singapore, which attracted a lot of interest from investors.
According to the release, the state’s approval of these significant projects at the start of the year is a direct result of these efforts and shows how confident companies are becoming in Odisha’s industrial environment.
According to the announcement, Indian Strategic Petroleum Reserves Limited has authorized a project for Rs 8,743 crore to establish a 4.00 MMT crude oil storage facility in Jajpur, which is anticipated to create 5,130 jobs.
Inox Solar Limited plans to spend Rs 4,000 crore in Dhenkanal to build a 4.8 GW solar module and photovoltaic cell manufacturing facility, generating 3,400 jobs in the process.
In order to create 3,475 jobs, ACME Cleantech Solutions Pvt. Ltd. intends to spend Rs 4,050.03 crore in Cuttack for a sustainable protein production facility that specializes in fermentative protein from mushroom roots.
By investing Rs 26,175 crore in a 2.2 MTPA cold-rolled and coated steel products plant and a 2 MTPA plate mill in Jajpur, Tata Steel Limited would grow its business and add 8,000 jobs.
3,000 jobs will be created in Cuttack when Himadri Green Technologies Innovation invests Rs 1,825 crore to build a factory for recycling tires and mineral oil.
“The approval of these large projects prior to Utkarsh Odisha 2025 is a clear sign of our state’s growing industrial strength,” said Chief Minister Mohan Charan Majhi in a statement marking the event. The people of Odisha would directly benefit from these investments, which will generate thousands of jobs. Our goal is to make sure that Odisha continues to be a popular place to invest, promoting development and prosperity for our people.
The authorized projects, which are dispersed among important districts including Cuttack, Dhenkanal, and Jajpur, contribute to the development of Odisha’s industrial base. The state’s emphasis on innovation and sustainability is highlighted at this HLCA conference, which will benefit the economy.
With these initiatives, Odisha is stepping into a new stage of industrial expansion and solidifying its position as a key contributor to the economic prosperity of India. Building on this momentum, Utkarsh Odisha 2025 will prioritize job growth, sustainability, and innovation.
