The Odisha government has granted approval for 22 industrial investment initiatives totaling ₹3,855.38 crore, which could potentially create 7,765 jobs. This decision reflects the State’s ongoing commitment to diversify its industrial framework, draw investments into new sectors, and foster employment opportunities. The proposals received approval during the 151st meeting of the State Level Single Window Clearance Authority (SLSWCA), overseen by Chief Secretary Anu Garg.
The approved initiatives 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). These investment proposals illustrate Odisha’s varied industrial priorities, combining traditional manufacturing with emerging industries such as aerospace, defence, compressed biogas, and specialized chemicals, in addition to pharmaceutical production, logistics, technology-driven services, and tourism enhancement.
These projects are distributed across 12 districts: Angul, Balasore, Bhadrak, Cuttack, Ganjam, Jajpur, Jharsuguda, Khordha, Nayagarh, Puri, Sambalpur, and Sundargarh. This distribution is anticipated to promote industrial growth in multiple regions, generate local job opportunities, and stimulate economic activity surrounding these initiatives.
Highlighted Approved Projects
Paper, Packaging, and Plastics
The paper, packaging, and plastics sectors feature significant investments amounting to ₹1,029.91 crore, with the potential to create 1,960 jobs.
- Alisha Torrent Closures (India) Private Limited plans to invest ₹529.91 crore in Nayagada to produce caps and closures for bottled beverages, which could lead to the creation of 250 jobs.
- Stark Ridge Private Limited will invest ₹500 crore in a manufacturing unit for paper and paper products in Khordha, expected to generate 1,710 jobs. This facility will have an annual production capability of 108,000 MT of corrugated boxes, 48,000 MT of paper bags, 48,000 MT of mono cartons, and 99,000 MT of paper, significantly enhancing the state’s manufacturing landscape in packaging.
Biofuel: Advancing Compressed Biogas Production
Three proposed Compressed Biogas (CBG) projects entail a total investment of ₹680 crore and a potential to create 984 jobs. These initiatives will take place in Angul, Jajpur, Sambalpur, Sundargarh, and Balasore, expanding biofuel-related industries across various districts.
- Indian Oil Corporation Limited is set to invest ₹360 crore in a 14,850 TPA CBG production facility across Angul, Jajpur, and Sambalpur, projected to generate 745 jobs.
- Kineta Global Limited will construct an 8,250 TPA CBG facility in Sundargarh with an investment of ₹170 crore, potentially creating 170 jobs.
- Sree Metaliks Bio Energy Limited will invest ₹150 crore in a 6,600 TPA CBG production plant in Balasore, expected to provide 69 jobs.
These projects will bring a combined CBG production capacity of 29,700 tonnes per annum, enhancing the state’s biofuel sector and expanding the geographical reach of investments in renewable energy.
Steel Downstream and Industrial Manufacturing
Three projects within the steel downstream and industrial manufacturing sectors represent a collective investment of ₹323.81 crore, with a job creation potential of 634.
- Saha Steel Private Limited will invest ₹72.81 crore in Sambalpur to manufacture 24,000 MT of pre-engineered building systems and 7,500 MT of various steel products, expected to create 280 jobs.
- MPIL Steel Structures Limited plans to establish a heavy steel structure fabrication plant in Jajpur with a capacity of 25,000 MT, involving an investment of ₹200 crore and generating 200 jobs.
- Armour Industries will invest ₹51 crore in Sundargarh for a manufacturing facility focused on various steel products and equipment, expected to create 154 jobs.
These initiatives will enhance the state’s capabilities in downstream steel production and fabrication.
Chemicals and Petrochemicals
In the chemicals and petrochemicals sector, two proposed investments totaling ₹225 crore could create 405 jobs.
- Aarish Coating Technology LLP aims to set up an industrial paint manufacturing facility in Khordha with an investment of ₹50 crore, projected to generate 200 jobs.
- ProecEnergy Limited will invest ₹175 crore in Bhadrak to produce 18,000 TPA of calcined petroleum coke and 9,000 TPA of graphitized petroleum coke, creating 205 jobs.
These projects will broaden the spectrum of industrial products manufactured in Odisha, focusing on industrial coatings and specialized carbon materials.
Aerospace and Defence: Advancing Manufacturing
Two proposed projects in Khordha will attract an investment of ₹117 crore in the aerospace and defence sector, with an expected job creation of 1,170.
- Stonehawk Technologies Private Limited plans to invest ₹65 crore in a facility for manufacturing drones and unmanned aerial systems, potentially generating 800 jobs.
- Classic Tecnologistics & Trade Private Limited will invest ₹52 crore in an aerospace manufacturing facility, anticipated to create 370 jobs.
These projects signify a move into specialized manufacturing fields, enhancing the diversity of Odisha’s industrial investment landscape.
Pharmaceuticals: Boosting Manufacturing Capability
Amritash Healthcare Pvt. Ltd. – Unit II will invest ₹152.69 crore in a pharmaceutical manufacturing facility in Khordha, potentially generating 520 jobs. This facility is set to have a production capacity of 1,500 million tablets, 210 million capsules, and 48 million injections, significantly boosting the state’s pharmaceutical manufacturing capabilities.
Logistics Infrastructure
RB Abodes Private Limited plans to create an Integrated Logistics Park in Ganjam with an investment of ₹209.35 crore, expected to generate 345 jobs. This project will also feature a 5 MW rooftop solar power installation, combining logistics development with renewable energy generation.
Tourism: Expanding Hospitality and Destination Ventures
Tourism projects account for six proposals with a total investment of ₹1,035.62 crore and a potential for 1,337 jobs. These include hotels, luxury resorts, and a convention center in Khordha, Jharsuguda, Puri, and Cuttack.
- Ashirbad Engineering and Construction Private Limited will invest ₹310 crore in a five-star hotel in Khordha, generating 270 jobs.
- Swami Resorts Private Limited plans another five-star hotel in Khordha with an investment of ₹153 crore, potentially creating 249 jobs.
- The Royale Nest Hospitality Private Limited will invest ₹150 crore in a five-star luxury resort with a convention center in Jharsuguda, expected to create 193 jobs.
- Srikrishna Estates and Construction Pvt. Ltd. will invest ₹135 crore in a high-end resort in Puri, creating 235 jobs.
- KP Prime Assets Private Limited will establish a five-star hotel with an investment of ₹120 crore, generating 250 jobs.
- Maa Bhattarika Minerals will invest ₹64.04 crore in a four-star riverfront resort, Mahanadi Alaya, in Cuttack.
These developments aim to enhance the tourism sector significantly in Odisha, contributing to job creation and economic growth.
