In a significant development, the Government of Odisha has given the green light to 19 industrial projects with a total investment of Rs 4,804 crore. These projects span a wide range of sectors, including apparel and textiles, steel downstream, paint (chemical), plastics, packaging/metal downstream, chemicals, food and beverage, IT infrastructure, agro-processing, renewable energy, and infrastructure.

The approval for these projects came during a meeting of the State-Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary PK Jena. The projects are expected to have a substantial impact on the state’s economy by creating employment opportunities and showcasing its rich mineral resources and technological advancements.

Among the notable projects approved are:

Welspun Living Limited: Plans to invest Rs 200 crore in a textile facility in Kendrapara, generating 2,000 jobs in the apparel and textiles sector.

Tata Steel Downstream Products Limited: To establish a 10,00,000 MT steel service center in Kalinga Nagar, Jajpur, with an investment of Rs 735 crore and the promise of 335 potential jobs.

Indian Metals and Ferro Alloys Limited: A Rs 977.43 crore investment in Jajpur to produce 2,20,000 MT Ferro Chrome and 20 MW WHRB Power, creating 1,190 jobs in the steel (ferroalloys) sector.

Jindal Stainless Limited: Setting up a stainless-steel service center unit in JSL Stainless Steel Park, Jajpur, with an investment of Rs 150 crore and the potential to generate 315 jobs.

Rungta Paints Private Limited: Plans to establish a manufacturing unit for paints, allied products, and intermediate in Dhenkanal with an investment of Rs 991 crore, creating jobs for 700 people.

Modulus Oleochem and Surfactants Private Limited: Investing Rs 313.51 crore in a comprehensive chemical manufacturing unit in Baliapal Industrial Estate, Balasore, providing employment for 300 individuals.

Transnova Express India Private Limited: Investing Rs 120.39 crore in a chemical hub in Khurda, setting up a bulk industrial chemical storage, re-packing, and handling facility, offering 258 potential jobs.

Berger Ancillary Companies: Two ancillary companies will invest Rs 54.55 crore in a manufacturing unit for plastic pails, lids, bottles, and drums in Khurda, providing jobs to 152 individuals.

Rajshree Polypack Limited and Kesav Plasttech (P) Ltd: Setting up manufacturing units in Khurda and Rengali industrial areas, Sambalpur, with a combined investment of Rs 102.25 crore, expected to generate 554 jobs.

Dhansar Group: Establishing a Private Freight Terminal (PFT) under the PM-Gati Shakti Multi-Modal Terminal scheme in Sundergarh, with an investment of Rs 190 crore and the potential to generate 160 jobs.

Kaibalya Logistics Private Limited: Investing Rs 110 crore in a Multi-Modal Inland Container Depot (ICD) in Mahakalapada block of district Kendrapara, providing infrastructure for food products, export processing, and customs clearing facilities, with 480 potential jobs.

Ashirbad Food Processing Private Limited: Setting up a fully automated flour mill in Jajpur, with an investment of Rs 56.35 crore, providing 118 jobs. Establishing a Rs 226.57-crore IT infrastructure complex in Khorda,

Summa Real Media Private Limited: expected to accommodate 10,000 professionals.

Vaswani Steel Pvt Ltd: Establishing a grain-based Ethanol plant with an investment of Rs 237.80 crore and generating 150 jobs.

GAIA Neo Energy Private Limited: Establishing a compressed biogas plant in Dampara, Cuttack, with an investment of Rs 87 crore, creating 76 jobs in the renewable energy sector.

These diverse investments will not only boost Odisha‘s manufacturing capabilities but also contribute significantly to the state’s economic growth and job creation. The projects are spread across 10 districts, reflecting a comprehensive and widespread industrial development strategy for the state.

Be a part of Elets Collaborative Initiatives. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook , connect with us on LinkedIn and follow us on Twitter, Instagram.

"Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!