In a decisive move to accelerate industrial development and regional prosperity, the Odisha Government has approved 23 new investment proposals. These will collectively cost an estimated 4,982 INR-Crore. These projects, cleared by the State Level Single Window Clearance Authority (SLSWCA), are expected to generate 11,933 jobs across 12 districts.
Strategic Sectoral Investments
The approved proposals span a diverse range of sectors, reflecting Odisha’s holistic approach to industrialisation. These include textiles, steel, food processing, chemicals, pharmaceuticals, renewable energy, IT, tourism, and aerospace and defence.
- Renewable Energy: Luminous Power Technologies Pvt Ltd will establish a 950 INR-Crore solar cell and PV module manufacturing unit in Gopalpur, generating 1,000 green jobs. Ecodynamix Green Energy will set up a 30 MW solar power plant in Bargarh with 100 INR-Crore investment.
- Apparel & Textiles: KPR Mill Ltd will invest 350 INR-Crore in a garment manufacturing unit in Khordha. The plant will have an annual capacity of 46.8 Million pieces, creating 5,000 jobs.
- Steel & Downstream Industries: Vidya Minerals Pvt Ltd will set up a 620 INR-Crore integrated steel plant in Sundargarh. Jatia Steel Ltd and Amsted Steel Foundries will contribute 451.9 INR-Crore and 250 INR-Crore, respectively. These projects will together bolster Odisha’s metal manufacturing ecosystem.
Also Read: Premier Energies Solar Module Manufacturing Unit, Sitaramapur, Telangana
- Tourism & Hospitality: Six premium hospitality projects worth 479 INR-Crore have been approved. These include 5-star hotels in Puri and 3-star facilities in Daringbadi and Taptapani, creating 1,352 jobs.
- Aerospace & Defence: BonV Technology Pvt Ltd will invest 300 INR-Crore in a futuristic Drone Park in Khordha, positioning Odisha as a hub for UAV innovation and creating 760 jobs.
- Food & Beverages: Hindustan Aqua Pvt Ltd and Pragati Milk Products Pvt Ltd will invest 320 INR-Crore and 114.34 INR-Crore, respectively in beverage and dairy units. These will further enhance agro-processing capabilities.
- IT & Pharmaceuticals: Apmosys Technologies will establish a 65 INR-Crore software development center in Khordha. Meanwhile, Synnat Pharma and Linde India will set up pharmaceutical and industrial gas units in Cuttack and Sundargarh.
Also Read: Skoda Auto Volkswagen Automobiles Manufacturing Plant Expansion, Chakan, Maharashtra
These investment proposals align with the Samruddha Odisha Vision 2036, aimed at transforming the state into a prosperous, future-ready economy. The swift approvals and sectoral diversity underscore Odisha’s investor-friendly policies and robust governance framework.
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Disclaimer: The information herein is based upon information obtained in good faith from sources believed to be reliable. All such information and opinions can be subject to change. Furthermore, the image featured in this article is for representation purposes only. It does not in any way represent the project. If you wish to remove or edit the article, please email editor@biltrax.com.
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