In a landmark boost to Odisha’s industrial ambitions, the state’s High-Level Clearance Authority (HLCA) has greenlit 20 major projects worth Rs 76,611.86 crore, promising over 50,517 new employment opportunities across nine districts.
The approvals, chaired by Chief Minister Mohan Charan Majhi on the completion of two years of his government, signal a decisive shift towards high-tech manufacturing, green energy, and value-added minerals.
Lab-grown diamonds and new-age industries have taken centre stage, reflecting Odisha’s bold pivot from traditional sectors to futuristic ones. Three cutting-edge lab-grown diamond units in Khordha alone will attract Rs 9,817.50 crore and create 8,100 jobs, positioning the state as an emerging gemstone manufacturing hub.
Green energy equipment manufacturing received a massive push with Tata Power Renewable Energy committing Rs 10,000 crore for an ingot, wafers, and Solar PV Cell facility in Ganjam, expected to generate 5,000 jobs. Saatvik Solar Industries is adding another Rs 1,709.81 crore solar PV cell plant in the same district.
Critical minerals and advanced materials also shone brightly. Projects in Rare Earth-based value-added products include N.A.N. Magnetech’s Rs 1,250 crore EV-grade NdFeB magnets unit and Larsen & Toubro’s Rs 2,400 crore sintered magnets facility. World Titanium Industry’s Rs 2,800 crore Titanium Dioxide project further strengthens Odisha’s footprint in strategic materials.
Heavy industry remains robust. Rashmi Metallurgical’s massive Rs 15,000 crore 4 MTPA integrated steel plant in Jajpur leads the pack with 11,000 jobs, while Shyam Metalics’ Rs 7,580 crore steel unit in Sambalpur adds 3,500 more.
Expansions by SMC Power Generation and new entries like Ratnamani Metals, Jupiter Wagons (railway coaches), and Nectar Lifesciences (pharma) round out a highly diversified portfolio.
Speaking after the meeting, Chief Minister Mohan Charan Majhi said:
As our Government completes two years, Odisha has emerged as one of the leading investment destinations in the country. These approvals reflect growing investor confidence and our commitment to creating employment opportunities, promoting industrial growth, and ensuring balanced development across the State.
The projects span Gemstones, Green Energy, Aerospace & Defence, Rare Earths, Pharmaceuticals, Capital Goods, Chemicals, Steel, and Renewable Energy — a clear sign of Odisha’s maturing industrial ecosystem.
With an eye on ‘Samruddha Odisha by 2036’ and the national goal of ‘Viksit Bharat by 2047’, the Majhi government is delivering on its promise of inclusive, sustainable growth through progressive policies, improved ease of doing business, and proactive facilitation.
Odisha is not just open for business — it is ready for the future.
