Odisha is witnessing a surge in industrial investment with the approval of 15 new projects worth a combined Rs 3,353 crore. These projects, spanning various sectors, are expected to generate over 4,600 new jobs and bolster economic growth across multiple districts. The State Level Single Window Clearance Authority (SLSWCA), led by Chief Secretary Manoj Ahuja, greenlit these projects during a recent meeting.
A Diverse Range of Projects:
The approved projects cover a wide spectrum of industries, including:
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Chemicals and Renewable Energy:
Reliance Bio Energy Limited will establish a compressed bio-gas and organic manure facility in Puri with an investment of Rs 121.21 crore, creating 69 job opportunities.*
Steel:
Beekay Steel Industries Ltd. is expanding its operations in Cuttack with a Rs 750 crore investment. This project will include sponge iron, billets, ferro alloys, sinter plants, and a captive power facility, generating around 800 jobs.*
Aluminum:
HM Power and Cables Pvt. Ltd. will invest Rs 55.72 crore to build an aluminum conductor, power cable, and wire manufacturing plant in Jharsuguda, creating 205 jobs.*
Manufacturing:
Nexthermal Asia Pvt. Ltd. is establishing a heating elements manufacturing unit in Khurda with an investment of Rs 55.81 crore, leading to 132 new jobs.*
Food Processing:
Bhuvaneshwari Foods and Beverages, Aban Beverages, and Geofast Consumer Products are investing a combined Rs 1,542.04 crore in food processing projects across Khurda, Baragarh, and Cuttack, generating over 1,358 jobs.*
Textiles and Apparel:
Odisha Textile Manufacturing Private Limited is setting up a plant in Khurda to produce recycled yarn from textile waste with an investment of Rs 51.80 crore, creating 535 new jobs.*
Tourism:
ITC Limited is expanding its five-star hotel, ‘Welcomhotels,’ in Bhubaneswar with an investment of Rs 119.14 crore, generating 240 new jobs. Additionally, SJ JRG Ventures LLP and Crackers India Infrastructures Ltd (LYFE Group of Hotels) will establish new facilities in Puri and Koraput, bringing in a total of Rs 154 crore in investments and creating 380 employment opportunities.*
Pharmaceuticals:
Infunex Healthcare Private Limited is setting up a second unit to produce intravenous fluids in Cuttack with an investment of Rs 59.43 crore, expected to generate 182 jobs.*
Cement:
Ultra Tech Cement Ltd. will expand its cement grinding unit in Cuttack, boosting capacity from 3 MTPA to 6 MTPA. This Rs 372 crore expansion is set to create 581 jobs and support infrastructure development in the region.A Catalyst for Growth:
These projects represent a significant boost for Odisha’s economy, bringing new investments, job creation, and industrial development. The state government’s commitment to providing a conducive environment for businesses is attracting major players across diverse sectors, further solidifying Odisha’s position as an attractive investment destination.
