Odisha govt. approves industrial projects worth ₹1.36 lakh crore
The Hindu
Odisha government approves ₹1,36,622.24 crore investment in 20 industrial projects, creating over 74,350 jobs, boosting economic growth.
Ahead of Prime Minister Narendra Modi’s meeting with Chief Minister Mohan Majhi, his cabinet colleagues, MLAs and other leaders, the State government has approved project proposals that entails an investment to the tune of ₹1,36,622.24 across 20 transformative industrial projects.
The High Level Clearance Authority (HLCA) under chairmanship of Mr. Majhi gave go ahead to these projects, spanning across diverse sectors such as steel, chemicals, green energy and textiles, which are poised to generate employment for over 74,350 individuals and significantly bolster Odisha’s economic growth, said the State government in a statement.
Also read: Mohan Majhi government in Odisha changes names of 21 schemes
“Odisha is the premier investment destination in eastern India, as demonstrated by the success of the Utkarsh Odisha roadshows held in Delhi, Mumbai, and Singapore. Under leadership of CM Mr. Majhi, the State has successfully attracted significant investor interest,” it said.
According to Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL), “in just six months since the formation of the new government in June 2024, over 1.1 lakh jobs will be created through 73 industrial projects, collectively attracting investments exceeding ₹1,80,000 crore.”
“Through strong cooperation between the State and Central governments, we have fostered a business-friendly environment that attracts investors to Odisha. Our focus is on creating an ecosystem that promotes inclusive growth, sustainability, and job creation,” said CM Mr. Majhi in a statement.
The projects by approved are in nine sectors including steel, chemicals, aluminium, aviation fuel, green energy and equipment, apparel and textiles, power and renewable energy and cement.
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