The Odisha government has given the green light to 22 industrial investment initiatives amounting to ₹3,855.38 crore, aiming to create approximately 7,765 jobs. This decision is a significant part of the state’s strategy to expand its industrial sector, attract investments in emerging industries, and enhance job opportunities. These proposals were approved during the 151st meeting of the State Level Single Window Clearance Authority (SLSWCA), led by Chief Secretary Anu Garg.
The approved projects encompass 11 different sectors, including Tourism, Biofuel, Manufacturing, Aerospace and Defence, Chemicals and Petrochemicals, Infrastructure, Plastics, Pharmaceuticals, Global Competency Centres, Steel (Downstream), and Paper (Packaging). This range of proposed investments showcases Odisha’s varied industrial focus, merging traditional manufacturing with new sectors like aerospace and biofuels, as well as pharmaceutical manufacturing and technology-driven services.
These initiatives will be distributed across 12 districts in Odisha: Angul, Balasore, Bhadrak, Cuttack, Ganjam, Jajpur, Jharsuguda, Khordha, Nayagarh, Puri, Sambalpur, and Sundargarh. This distribution aims to foster local industrial growth, provide employment in various regions, and stimulate economic activities surrounding these projects.
Highlights of Approved Projects
Paper, Packaging, and Plastics
In the paper, packaging, and plastics sectors, two major investments amounting to ₹1,029.91 crore are anticipated to create 1,960 jobs. Alisha Torrent Closures (India) Private Limited plans to spend ₹529.91 crore in Nayagada to manufacture caps and closures for bottled beverages, potentially generating 250 jobs. Meanwhile, Stark Ridge Private Limited is set to invest ₹500 crore in Khordha to establish a paper and paper products manufacturing facility, which is expected to produce 108,000 MT of corrugated boxes, 48,000 MT of paper bags, 48,000 MT of mono cartons, and 99,000 MT of paper, creating around 1,710 jobs.
Biofuel: Growth in Compressed Biogas Production
Three Compressed Biogas (CBG) projects have been proposed with a total investment of ₹680 crore, likely generating 984 jobs. Indian Oil Corporation Limited intends to invest ₹360 crore in a CBG facility with a capacity of 14,850 TPA, while Kineta Global Limited plans an 8,250 TPA CBG production unit in Sundargarh for ₹170 crore, and Sree Metaliks Bio Energy Limited aims to invest ₹150 crore in a 6,600 TPA facility in Balasore.
Steel Downstream and Industrial Manufacturing
The steel downstream and industrial manufacturing sector will see three projects with a total investment of ₹323.81 crore, which could create 634 jobs. Saha Steel Private Limited plans a facility in Sambalpur for pre-engineered building manufacturing, while MPIL Steel Structures Limited and Armour Industries are also setting up heavy steel structure fabrication plants in Jajpur and Sundargarh respectively.
Chemicals and Petrochemicals
Two significant proposals in the chemicals and petrochemicals sector will amount to ₹225 crore and are expected to generate 405 jobs. Aarish Coating Technology LLP is set to create an industrial paint manufacturing plant in Khordha, while ProecEnergy Limited plans to produce specialized petroleum products in Bhadrak.
Aerospace and Defence: Advanced Manufacturing Initiatives
Investment in the aerospace and defence sector will increase with two projects in Khordha totaling ₹117 crore, expected to create 1,170 jobs. Stonehawk Technologies will establish a manufacturing facility for drones, and Classic Tecnologistics & Trade Private Limited will focus on aerospace manufacturing.
Pharmaceuticals: Enhancing Production Capacity
Amritash Healthcare Pvt. Ltd. is investing ₹152.69 crore in Khordha for a pharmaceutical production facility anticipated to generate 520 jobs, significantly increasing the state’s pharmaceutical capabilities.
Logistics Infrastructure
RB Abodes Private Limited plans to develop an Integrated Logistics Park in Ganjam with an investment of ₹209.35 crore, which will create 345 jobs and include renewable energy generation.
Tourism: New Developments in Hospitality
The tourism sector will see six new projects with a combined investment of ₹1,035.62 crore, projected to create 1,337 jobs across various regions.
