Odisha Approves ₹3,793 Crore in Investments, Aiming to Create 20,000 Jobs
Odisha clears ₹3,793 crore investment proposals, to create 20,000 new jobs
Business Standard
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Odisha's State Level Single Window Clearance Authority has approved 24 investment proposals totaling ₹3,793.33 crore, projected to create nearly 20,000 jobs across 14 districts. Key sectors include textiles, clean energy, and tourism, with major projects from Nandraj Textiles and CESC Green Power Ltd.
- 01The largest project is an apparel manufacturing unit by Nandraj Textiles Pvt Ltd in Khurda, with an investment of ₹168.64 crore expected to create 10,306 jobs.
- 02CESC Green Power Ltd will invest ₹683.83 crore to establish a Battery Energy Storage System manufacturing facility in Dhenkanal.
- 03Tourism projects include a ₹250 crore five-star resort by Swosti Premium Ltd in Koraput, generating 480 jobs.
- 04The state aims for geographically dispersed industrial growth, with significant investments across various districts.
- 05Other approved proposals include a ₹300 crore expansion by Hindustan Coca-Cola Beverages Pvt Ltd in Khurda.
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In a major boost to Odisha's industrial landscape, the State Level Single Window Clearance Authority (SLSWCA) has approved 24 investment proposals worth ₹3,793.33 crore, projected to generate approximately 20,000 jobs across 14 districts. The approved projects span various sectors, notably textiles, clean energy, and tourism. The textiles sector is poised to be the largest job creator, highlighted by Nandraj Textiles Pvt Ltd's apparel manufacturing unit in Khurda, which alone is expected to create over 10,000 jobs with an investment of ₹168.64 crore. Other significant investments include CESC Green Power Ltd's ₹683.83 crore Battery Energy Storage System facility in Dhenkanal and a five-star resort by Swosti Premium Ltd in Koraput, which will create 480 jobs. The state government is focusing on geographically diverse industrial growth, ensuring that investments are spread across districts such as Koraput, Sambalpur, and Jajpur, rather than concentrated in a few areas. This strategy aims to enhance local employment opportunities and strengthen the overall economic framework of Odisha.
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The approved projects are expected to significantly boost local employment and stimulate economic growth across multiple districts in Odisha.
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