The Business Bytes
THEBUSINESSBYTES BUREAU
BHUBANESWAR, JANUARY 24, 2025
The Odisha government has green-lit investments totaling Rs 32,736 crore in eight transformative industrial projects, marking a monumental step towards strengthening the state’s industrial sector and generating over 18,688 jobs. This approval was made during the 39th High-Level Clearance Authority (HLCA) meeting on Friday, a move that promises to catalyze Odisha’s industrial and economic transformation.
The projects span key sectors such as chemicals, green energy, shipbuilding, and steel, further bolstering the state’s industrial ecosystem. These initiatives will be located across districts like Khordha, Jagatsinghpur, Ganjam, Sambalpur, and Bhadrak, fostering regional development and attracting additional investments.
This meeting, the second of the month, comes ahead of the Utkarsh Odisha Conclave 2025, designed to highlight the state’s industrial potential. Successful roadshows in Delhi, Mumbai, and Singapore have already sparked significant investor interest, positioning Odisha as a prime destination for business expansion.
Chief Minister Mohan Charan Majhi welcomed the approval, noting, “The clearance of these substantial projects is a clear indication of Odisha’s growing industrial strength. They will create thousands of jobs and offer direct benefits to the people of Odisha. Our goal is to ensure that the state remains a top investment hub, fostering progress and prosperity.”
With a focus on innovation, sustainability, and economic inclusivity, Odisha continues to lead India’s industrial growth, paving the way for a bright future as a key contributor to national economic development. As Utkarsh Odisha 2025 approaches, the state is poised for a new era of growth, driven by innovation and opportunities for its people.
