Odisha Launches 36 Industrial Projects Worth ₹40,811 Crore to Drive Economic Growth
Odisha rolls out 36 projects worth Rs 40,811 crore to boost industry
Business Standard
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Odisha has initiated 36 industrial projects with a total investment of ₹40,811 crore (approximately $4.9 billion USD), aimed at enhancing its industrial landscape and generating over 59,000 jobs. Chief Minister Mohan Charan Majhi emphasized the state's commitment to timely implementation and reducing import dependence.
- 01Odisha launched 36 industrial projects with a total investment of ₹40,811 crore.
- 02The initiatives are expected to create over 59,000 jobs across various sectors.
- 03The projects are part of Odisha's second industrial revolution, focusing on self-reliance.
- 04A major textile facility by Page Industries was inaugurated, creating 5,850 jobs.
- 05The state aims to enhance its contribution to global supply chains and reduce import dependence.
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In a significant move to boost industrialization, Odisha has rolled out 36 industrial projects with a total investment of ₹40,811 crore (approximately $4.9 billion USD). Chief Minister Mohan Charan Majhi announced these initiatives during a ceremony in Bhuinpur, Khurda district, marking a transition from investment intentions to actual execution. The projects span various sectors, including green energy, textiles, and defense manufacturing, and are expected to generate over 59,000 jobs. Majhi described this as part of Odisha's second industrial revolution, highlighting the government's focus on timely project delivery and transparency. He noted that the state has already inaugurated or grounded 109 projects worth about ₹2.5 trillion (around $30 billion USD) over the past 18 months, creating approximately 1.76 lakh jobs (176,000). The Chief Minister emphasized that these developments will reduce import dependence and strengthen Odisha's role in global supply chains. Notable companies involved include Adani Enterprises Limited and Page Industries, which recently inaugurated a textile facility in Cuttack district expected to create 5,850 jobs. With a budgetary provision of over ₹72,000 crore (approximately $8.7 billion USD) this fiscal year for industrial infrastructure, the government aims for accelerated project implementation and economic growth.
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The launch of these projects is set to significantly boost employment opportunities for the youth in Odisha, contributing to local economic growth and reducing reliance on imports.
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