The Odisha government has approved a new wave of industrial investments amounting to ₹76,612 crore, with 20 large-scale projects receiving clearance from the state’s High-Level Clearance Authority (HLCA).
The proposals cover sectors such as renewable energy, advanced manufacturing, steel, pharmaceuticals, and defence, and are anticipated to generate more than 500,000 employment opportunities.
The approvals were granted during a meeting led by Chief Minister Mohan Charan Majhi. Notably, the green energy and clean technology industries stand to benefit significantly.
Tata Power Renewable Energy is set to invest ₹10,000 crore in Ganjam district to establish solar wafer and photovoltaic cell manufacturing facilities, while Saatvik Solar Industries plans another major solar manufacturing unit in the same area.
The state has also attracted substantial investments in the manufacturing of rare-earth and advanced materials.
N.A.N. Magnetech and Larsen & Toubro will establish facilities for producing high-performance permanent magnets utilized in electric vehicles and strategic industries. Additionally, World Titanium Industry will create a titanium dioxide manufacturing complex in Ganjam.
Lab-grown diamond manufacturing has emerged as a high-growth segment, with three companies committing nearly ₹9,818 crore for projects in Khordha district.
The steel sector is also seeing significant investments, with Rashmi Metallurgical Industry, Shyam Metalics and Energy, SMC Power Generation, and BR Steel & Power among the companies expanding integrated steel production capacities across Jajpur, Sambalpur, and Jharsuguda.
Other proposals include railway coach manufacturing, pharmaceutical production, pumped-storage hydropower, thermal power generation, and aluminium downstream industries.
