Odisha Government Greenlights Mega Projects Worth Rs 1.51 Lakh Crore
Odisha’s government has taken a significant step towards boosting industrial growth by approving eight mega projects with a total investment of Rs 1.51 lakh crore. This decision, made during a high-level clearance authority meeting led by Chief Minister Mohan Charan Majhi, is expected to create over 62,000 jobs across various sectors. The approved projects will span six districts, focusing on industries such as aluminium, chemicals, steel, textiles, and downstream metal industries, marking a pivotal moment in the state’s economic development.
Investment Breakdown Across Districts
The approved projects will be implemented across six districts: Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, and Sambalpur. The largest investment will come from Vedanta Limited, which plans to invest Rs 1.28 lakh crore to establish a 3 MTPA aluminium smelter and a 4900 MW captive power plant in Dhenkanal. This ambitious project is projected to generate approximately 30,000 jobs. In Ganjam, SRF Limited will invest Rs 10,000 crore to set up a specialty chemicals and refrigerant manufacturing unit, creating around 20,000 employment opportunities.
Dhenkanal will also see the establishment of a 1.26 MTPA specialty steel processing unit by Jindal India Steel Tech Limited, which is investing Rs 3,600 crore and is expected to provide 2,000 jobs. In Keonjhar, Shyam Steel Manufacturing Limited has proposed a Rs 2,490 crore investment to create a 0.53 MTPA integrated steel plant along with a ductile iron pipe unit and a 46 MW captive power plant, which will generate 2,370 jobs. Additionally, Supreme Metals Export Private Limited plans to invest Rs 1,500 crore to set up a 1.2 MTPA rolling mill for TMT bars and wire rods in Keonjhar, expected to create 680 jobs.
Textile and Ancillary Metal Investments
The textile sector will also benefit from significant investments. Sportking India Limited will invest Rs 2,055 crore to establish a cotton and blended yarn manufacturing unit in Khurda, with an annual production capacity of 62,000 MT. This project is anticipated to generate around 4,800 jobs. Furthermore, Linde India Limited plans to invest Rs 1,303.50 crore in Jajpur to set up an Air Separation Unit, which will supply high-quality industrial gases and create 100 jobs.
In the ancillary metal sector, Star Metal Works Private Limited is set to invest Rs 2,291 crore to establish a narrow hot strip mill, cold rolling mill, and plate-cum-Steckle mill in Sambalpur. This project is expected to generate 250 employment opportunities. The diverse range of investments across these sectors highlights the government’s commitment to fostering industrial growth and job creation in the state.
Government’s Vision for Industrial Growth
Chief Minister Mohan Charan Majhi emphasized that these initiatives align with the national goal of achieving a developed India by 2047 and the state’s vision of a prosperous Odisha by 2036. He stated that the progress made reflects Odisha’s ambition to become a leading industrial and investment hub in India. Since June of the previous year, the Majhi-led government has conducted six HLCA meetings, approving a total of 62 industrial projects. These projects collectively represent investments of Rs 5.67 lakh crore and the potential to create 2.42 lakh jobs across the state.
As Odisha approaches its centenary as a state in 2036, the government is focused on creating a robust industrial landscape that not only boosts the economy but also enhances employment opportunities for its citizens. The recent approvals mark a crucial milestone in this journey, positioning Odisha as a key player in India’s industrial sector.
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