TNI Bureau: Odisha took a major step towards strengthening its industrial growth as the 43rd meeting of the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Charan Majhi, approved seven large industrial projects with a total investment of ₹55,783 crore. The projects are expected to generate around 14,507 employment opportunities across the state.

Addressing the meeting, the Chief Minister said the approvals reflect the government’s vision to make Odisha strong, self-reliant and prepared for “Samruddha Odisha by 2036” through balanced and region-focused industrial development.

The approved projects span key sectors such as steel, rare earth manufacturing, automobiles and auto-components, semiconductors, industrial gases, ferroalloys, and power and renewable energy. These investments will be spread across districts including Dhenkanal, Ganjam, Keonjhar and Khordha.

The steel sector emerged as the biggest contributor, with Saffron Resources Pvt. Ltd., a JSW Group company, receiving approval to invest ₹35,000 crore to set up a 6 million tonne per annum steel plant in Dhenkanal. The project is expected to create about 8,000 jobs and further strengthen Odisha’s position as a major steel-producing state.

In rare earth manufacturing, Jindal Poly Films Limited proposed an investment of ₹12,000 crore to establish a 0.5 MTPA titanium dioxide pigment manufacturing unit in Ganjam, which is expected to generate around 4,000 employment opportunities.

The automobiles and auto-components sector will see an investment of ₹1,697 crore in Ganjam for a unit manufacturing tyres, carbon black and zinc oxide, creating 685 jobs. In the high-tech segment, Sancode Semi Pvt. Limited will invest ₹1,649.98 crore to set up an Outsourced Semiconductor Assembly and Testing (OSAT) facility in Khordha, generating 570 jobs.

The HLCA also cleared a ₹1,300 crore proposal by Inox Air Products Pvt. Ltd. to establish an air separation unit in Dhenkanal, creating 180 jobs. In the ferroalloys sector, Ferro Alloys Corporation Limited will invest ₹2,000 crore in Keonjhar to set up ferro manganese and silico manganese facilities along with manganese ore beneficiation and a 100 MW captive power plant, providing employment to 772 people.

Additionally, GMR Kamalanga Energy Limited received approval to invest ₹2,136.02 crore to set up a 350 MW thermal power plant in Dhenkanal, which is expected to generate 300 jobs and strengthen the state’s power infrastructure.

The state government said the approvals underline Odisha’s commitment to fast-tracking industrial development, promoting technology-driven growth and ensuring balanced regional development. With investor-friendly policies and swift decision-making, Odisha continues to emerge as a preferred investment destination, aligned with the national vision of “Viksit Bharat by 2047” and the state’s goal of “Samruddha Odisha by 2036.”