The Odisha Government has approved 12 key industrial projects during its 36th High-Level Clearance Authority (HLCA) meeting. These projects represent a total investment of around 39,271.50 INR-Crore and are set to create jobs for 17,098 people across diverse sectors.
The other investments received approval during the State-Level Single Window Authority meeting held in July. With these additions, the total sanctioned amount now stands at 44,682.92 INR-Crore.
The approved industrial projects in Odisha span ESDM, steel, metal downstream, chemical, cement, green ammonia, and rubber/plastics industries. These initiatives are strategically located in 8 districts, including Khurdha, Dhenkanal, Jagatsinghpur, and Cuttack.
Also Read: Industrialization in Odisha: State approves 26 projects worth INR 5,992 Crore
EDSM Sector:
In this sector, three major industrial projects received approval from the Odisha Cabinet. Silectric Semiconductor Manufacturing Pvt Ltd will establish a Silicon Carbide Device manufacturing unit. Heterogeneous Integration Packaging Solutions Pvt Ltd will build a plant for producing glass substrates for semiconductor packaging. Additionally, Kaynes Circuits India Pvt Ltd will set up a facility to produce printed circuit boards (PCBs). These Khurdha-based projects involve a combined estimated investment of 6,355.50 INR-Crore and will provide 2,320 jobs.
Chemical Industry:
Laxmi Organic Industries Ltd will establish a synthetic organic chemical manufacturing unit. Epigral Ltd will build another chemical manufacturing plant. Both these plants will be situated in Jagatsinghpur. These two projects, have a combined investment of around 5,355.00 INR-Crore, creating 1,900 jobs.
Metal Downstream Sector:
This sector will see three notable projects. Electrosteel Castings Ltd will set up a 500,000 Million Tonnes ductile iron pipe plant in Dhenkanal. Jindal (India) Ltd will build a steel pipe processing unit, and Bhushan Power and Steel Ltd will establish a downstream complex in Sambalpur. Altogether, these projects involve an estimated investment of 12,191 INR-Crore, generating 5,570 jobs.
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Steel Sector:
Shyam Steel Manufacturing Ltd will invest around 2,510 INR-Crore in a 0.5 MTPA integrated steel plant in Keonjhar, creating 3,640 jobs. Meanwhile, the cement sector will benefit from Ambuja Concrete North Pvt Ltd’s grinding unit in Cuttack. This project has an estimated investment of 1,400 INR-Crore and 410 jobs.
Green Ammonia Sector:
Meanwhile, this sector includes Torrent Green Hydrogen Pvt Ltd’s project in Ganjam, involving a massive 10,260 INR-Crore investment. It will create around 1,558 jobs.
Rubber and Plastics Sector:
Lastly, Dalmia Bharat Refractories Ltd will establish a unit for manufacturing tyres, tubes, and flaps in Balasore. The estimated investment of this project is 1,200 INR-Crore and will create 1,700 jobs.
These strategic projects, backed by substantial investment, are set to transform the industrial landscape and drive significant economic growth across Odisha.
Also read: India’s Semiconductor Boom: Key Takeaways from Semicon India 2024
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