The Business Bytes
THEBUSINESSBYTES BUREAU
BHUBANESWAR, MARCH 17, 2025
The Odisha government has approved investment proposals worth ₹6,117 crore across multiple sectors, paving the way for over 17,000 new jobs in the state. The decision was taken at a meeting of the State Level Single Window Clearance Authority (SLSWCA) on Monday, chaired by Chief Secretary Manoj Ahuja.
The 19 approved projects span 10 key sectors, including biofuel, shipbuilding, food processing, chemicals, and apparel, and will be implemented in 11 districts such as Bolangir, Cuttack, Ganjam, Kalahandi, and Kandhamal.
Among the major investments, Transpacific Engineering Pvt Ltd will set up a ₹900 crore biocoal plant in Sambalpur, while Hindustan Petroleum Corporation Ltd (HPCL) has received approval for a ₹868 crore project to develop diesel and petrol pipelines across Rayagada, Bolangir, and Kalahandi. Zoho Corporation will establish a ₹306.50 crore data center in Khurda, and ARCL Organics will invest ₹500 crore in a specialty chemicals manufacturing unit in Jagatsinghpur. Additionally, Nezone Steels Utkal will develop a ₹470 crore color coating sheet manufacturing unit in Jajpur, and CMR Aluminium will set up a ₹234.14 crore liquid aluminum alloy plant in Sambalpur. In the shipbuilding sector, Chowgule Lavgan Shiprepair Pvt Ltd has received approval for a ₹550 crore shipbuilding and repair yard in Jagatsinghpur. The Hindustan Coca-Cola Beverages Pvt Ltd will invest ₹515.32 crore to expand its unit in Khurda.
The tourism and hospitality sector also saw significant approvals, with Ashirbad Engineering and Construction investing ₹139 crore for a five-star hotel in Khurda. Somolo Eco Resorts will develop a resort in Ganjam at a cost of ₹110 crore, while Tavasya Hospitality will invest ₹52.20 crore to build an eco-resort in Kandhamal.
The government highlighted that Odisha’s strong investment momentum is a direct outcome of initiatives like the Utkarsh Odisha and Make In Odisha Conclave, 2025, which have reinforced investor confidence in the state. “With these large-scale investments, Odisha is poised for sustainable industrial development, significantly contributing to India’s economic growth,” the official statement emphasized.
