Projects expected to generate employment for over 74,000 individuals across Odisha.
Bhubaneswar,28th November 2024: Under the visionary leadership of Chief Minister Mohan Charan Majhi, Odisha continues to solidify its position as a global investmentdestination. In his second High-Level Clearance Authority (HLCA) meeting, the state approveda record-breaking ?1,36,622.24 crore investment across 20 transformative industrial projects.
These projects, spanning across diverse sectors such as steel, chemicals, green energy, textiles, and more, are poised to generate employment for over 74,350 individuals and significantly bolster Odisha’s economic growth. 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 the leadership of Chief Minister Mohan Charan Majhi, the state has successfully attracted significant investor interest. As a result, this HLCA has given the green signal to many projects, establishing Odisha as a landmark destination for investors and highlighting the success of the upcoming Utkarsh Odisha 2025.
The strong coordination between the State and Central governments has delivered impressive results. 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 Rs 1,80,000 crore. This remarkable achievement highlights the effective collaboration between the State and Central governments, showcasing the State’s commitment to fostering growth and creating a thriving business ecosystem.
The swift approval and execution of these projects reflect the government’s strategic approach and dedication to driving Odisha’s economic transformation. Speaking at the meeting, Shri Majhi emphasized the state’s unwavering commitment to fostering an investment-friendly ecosystem. ” 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. With a focus on developing a strong ecosystem and creating new opportunities, Odisha is set for remarkable growth. Utkarsh Odisha 2025 will mark the beginning of a new era, positioning Odisha as a premier investment destination,” he said.
The approved projects in 9 sectors including Steel, Chemicals, Aluminium, Aviation Fuel, Green Energy & Equipment, Apparel & Textiles, Power & renewable energy and Cement. These
projects are strategically distributed across 10 districts of Odisha Such as, Jajpur, Jharsuguda, Khurdha, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak and Jagatsinghpur strengthening Odisha’s industrial base and driving sustained economic growth.
This HLCA meeting underscores Odisha’s strong commitment to attracting investments, promoting innovation, and positioning itself as a leader in sustainable industrial growth. Guided by the visionary leadership of Mohan Charan Majhi, the state has approved key investments that promise to drive economic growth and generate substantial employment opportunities. Odisha’s proactive policies and progressive vision continue to make it a top choice for both domestic and global investors.
