Odisha Clears ₹1.46 Lakh Crore Investment Proposals to Drive Industrial Expansion

Bhubaneswar: Odisha took a decisive stride toward accelerating its industrial and economic transformation with the approval of 33 new projects worth ₹1.46 lakh crore, promising to generate over 66,000 employment opportunities across multiple sectors. The approvals were announced on Saturday, marking the 500-day milestone of the government led by Chief Minister Mohan Charan Majhi.

Describing the development as a major leap toward achieving the State’s vision of Viksit Odisha 2036, Chief Minister Majhi said, “These 500 days reflect a confident, progressive, and investment-ready Odisha. The trust shown by investors from across India and abroad underscores our strong policies, efficient governance, and commitment to a self-reliant and developed State.”

The newly approved projects encompass a wide spectrum of industries — IT & ESDM, Aerospace & Defence, Textiles & Apparel, Food Processing, Tourism, Green Energy Equipment, Data Centres, Specialty Steel, Aluminium, Power & Renewable Energy, Green Hydrogen & Ammonia, Chemicals, Semiconductors, and Rare Earth Materials.

These projects are strategically distributed across 14 districts, including Angul, Balangir, Cuttack, Dhenkanal, Ganjam, Jagatsinghpur, Jajpur, Jharsuguda, Kandhamal, Kendrapara, Khurda, Puri, Sambalpur, and Sundargarh, ensuring balanced regional development and inclusive industrial growth.

At the 42nd High-Level Clearance Authority (HLCA) meeting chaired by the Chief Minister, 12 large-scale projects worth ₹1,41,993.54 crore were approved, creating 49,745 employment opportunities. The most notable among these is Adani Enterprises Limited’s coal-to-chemical unit in Sundargarh, involving an investment of ₹84,000 crore and generating around 36,000 jobs.

Highlighting Odisha’s focus on sustainability and future-ready industries, new-age investments received significant backing. CESC Green Power Limited proposed a project in the Electronics System Design and Manufacturing (ESDM) sector, ACME Akshay Energy Private Limited in green hydrogen and ammonia production, and Jindal India Power Limited in renewable energy.

Earlier in the day, the 141st State-Level Single Window Committee (SLSWCC) chaired by Chief Secretary Manoj Ahuja approved 21 additional projects worth ₹4,019.53 crore, with potential to create 16,590 employment opportunities.

Officials said these clearances underline Odisha’s emergence as a preferred investment destination, driven by its proactive governance, robust infrastructure, and industry-friendly ecosystem. The government’s focus on employment generation, technology-driven industries, and sustainable growth is expected to significantly strengthen Odisha’s position as one of India’s fastest-growing industrial hubs.