Odisha Approves 18 New Industrial Projects Worth ₹3,877 Crore to Boost Employment
Odisha govt clears 18 new industrial projects worth over ₹3,877 crore
Business Standard
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The Odisha government has approved 18 new industrial projects worth ₹3,877.14 crore (approximately $470 million USD) across 11 districts. These initiatives are expected to create 7,565 jobs and span various sectors, including metals, pharmaceuticals, and tourism, reflecting the state's commitment to industrial diversification and economic growth.
- 01Odisha's State Level Single Window Clearance Authority approved 18 projects worth ₹3,877.14 crore.
- 02The projects are expected to generate 7,565 employment opportunities.
- 03Key sectors include metals, pharmaceuticals, electronics, and tourism.
- 04Jay Jagannath Steel and Power Limited's project is the largest, worth ₹955 crore.
- 05The approvals indicate a shift towards implementation rather than just signing agreements.
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The Odisha government has taken a significant step in its industrialisation drive by approving 18 new projects worth ₹3,877.14 crore (approximately $470 million USD) during a meeting of the State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Anu Garg. These projects, spread across 11 districts, are expected to create 7,565 jobs and cover a diverse range of sectors including metals, pharmaceuticals, medical devices, electronics, logistics, and tourism. Among the major approvals, Jay Jagannath Steel and Power Limited received clearance for a ₹955 crore expansion into an integrated steel plant in Sambalpur, which alone has the potential to create 1,600 jobs. Other notable projects include Harman Finochem Limited's ₹530 crore investment in a pharmaceutical facility in Ganjam, and Scan Steels Limited's ₹503.68 crore expansion in Sundargarh. The approvals also highlight Odisha's strategy to diversify its industrial base beyond traditional sectors, leveraging its resources and infrastructure. The new projects are expected to enhance the state's economic landscape and provide significant employment opportunities.
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The approval of these projects is likely to stimulate local economies by creating thousands of jobs and enhancing industrial capabilities in Odisha.
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