Bhubaneswar: The Odisha government has approved a record-breaking Rs.1,36,622.24 crore investment across 20 transformative industrial projects.
These projects, spanning diverse sectors such as steel, chemicals, green energy, and textiles, were approved at the second High-Level Clearance Authority (HLCA) meeting, chaired by Chief Minister Mohan Charan Majhi on Thursday night.
According to official sources, these industrial projects will generate employment for over 74,350 individuals and significantly boost Odisha’s economic growth.
Odisha has emerged as the premier investment destination in Eastern India, demonstrated by the success of the Utkarsh Odisha roadshows held in Delhi, Mumbai, and Singapore.
The state has successfully attracted substantial investor interest, and the HLCA has approved numerous projects, establishing Odisha as a landmark destination for investors.
In just six months since the new government took office in June 2024, over 1.1 lakh jobs will be created through 73 industrial projects, collectively attracting investments exceeding Rs1,80,000 crore.
This remarkable achievement highlights the effective collaboration between the State and Central governments and showcases the State’s commitment to fostering growth and creating a thriving business ecosystem.
Speaking at the meeting, the Chief Minister emphasised the state’s unwavering commitment to fostering an investor-friendly ecosystem.
“Through strong cooperation between the State and Central governments, we have created a business-friendly environment that attracts investors to Odisha,” Majhi said.
“Our focus is on creating an ecosystem that promotes inclusive growth, sustainability, and job creation,” he added. With a focus on developing a strong ecosystem and creating new opportunities, Odisha is poised for remarkable growth, Majhi said.
He further stated that Utkarsh Odisha 2025 will mark the beginning of a new era, positioning Odisha as a premier investment destination.
The approved projects span nine sectors, including steel, chemicals, aluminium, aviation fuel, green energy & equipment, apparel & textiles, power & renewable energy, and cement.
These projects are strategically distributed across 10 districts in Odisha: Jajpur, Jharsuguda, Khurda, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak, and Jagatsinghpur, strengthening the state’s industrial base and driving sustained economic growth.
