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Home » Odisha Clears Rs 4,500 Crore Investment, 10K+ Jobs on the Horizon

Odisha Clears Rs 4,500 Crore Investment, 10K+ Jobs on the Horizon

23 projects across 11 districts set to boost industrial growth and employment opportunities in the state.

Yajati Rout by Yajati Rout
March 17, 2026
in Business, Odisha, Trending Now
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In a major stride toward accelerating industrialisation and fostering inclusive growth, the Odisha government has greenlit 23 investment proposals totalling Rs 4,510.65 crore.


The decisions were taken at the 145th meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Anu Garg, IAS, under the leadership of Chief Minister Mohan Charan Majhi.

These projects are expected to generate 10,122 employment opportunities, significantly contributing to inclusive economic growth and reinforcing Odisha’s emergence as a leading industrial destination in eastern India.

These projects are anticipated to generate 10,122 employment opportunities, reinforcing Odisha’s focus on employment-led development, sectoral diversification, and equitable regional progress. The approvals align closely with the national Purvodaya initiative, positioning Eastern India—and Odisha in particular—as a key growth engine for the country.

The investments cover a broad array of sectors, including wood-based industries, chemicals, apparel and technical textiles, pharmaceuticals and medical devices, manufacturing, aluminium and steel downstream industries, food processing, gemstones and jewellery, infrastructure, IT & ITES, and tourism & hospitality. This diversity highlights the state’s strategy to build a resilient, innovation-driven, and sustainable industrial base.

The projects will be established across 11 districts: Balasore, Bolangir, Cuttack, Jagatsinghpur, Kalahandi, Kendujhar, Khordha, Koraput, Puri, Sambalpur, and Sundargarh. This widespread distribution ensures balanced industrial penetration and deeper socio-economic impact in both urban and rural areas.


Key Approved Projects

In the forest and wood-based sector, Century Plyboards (India) Limited will establish a manufacturing facility in Koraput with an investment of ₹870.82 crore, generating 1,000 employment opportunities and strengthening industrialisation in southern Odisha.

In the chemical and green industry sector, Pidilite Industries Limited will set up a manufacturing unit in Balasore with an investment of ₹61 crore, creating 88 jobs. Paradeep Phosphates Limited will setup an Sulphuric Acid Plant in Jagatsinghpur with an investment of ₹425 crore.

In the apparel and technical textiles sector, Sonaselection India Limited will establish a garment manufacturing unit in Khordha with an investment of ₹130 crore, generating 1,858 jobs, while Alphatex Private Limited will set up a technical textile unit in Khordha with an investment of ₹180 crore, creating 1,050 employment opportunities. These projects are expected to significantly boost labour-intensive manufacturing.

In the pharmaceuticals and medical devices sector, Alteus Life Limited will establish a pharmaceutical unit in Cuttack with an investment of ₹236.90 crore, generating 549 jobs. Shreeji Imaging & Diagnostic Centre Private Limited will set up a specialised medical facility in Khordha, strengthening advanced healthcare infrastructure.

In the manufacturing and engineering sector, Nipha Limited will establish an agricultural equipment manufacturing facility in Khordha with an investment of ₹164 crore, generating 300 jobs.

In the aluminium downstream Odisha Special Grade Alumina Ltd will set up a manufacturing unit in Koraput.

In the steel and metal downstream sectors, key projects include Scan Steels Limited and Llenroc Ventures in Sundargarh, alongside a major expansion by Siddhiriddhi International Private Limited in Keonjhar with an investment of ₹610 crore, generating 1,500 jobs, further strengthening the State’s core industrial base. Additionally, Sundar Steel Industries will establish a scrap processing unit in Cuttack, promoting resource efficiency and sustainable industrial practices

Navprakriti Green Energies Private Limited will establish a metal extraction facility in Balasore with an investment of ₹105 crore, generating 540 jobs, strengthening the position of state as Metal hub of the nation.

In the electrical equipment sector, Abhisek Contech (India) Private Limited will establish a manufacturing unit in Khordha, contributing to infrastructure and power sector value chains.

In the food processing sector, Coastal Biotech Private Limited will set up an agro-processing unit in Kalahandi with an investment of ₹350 crore, generating 500 employment opportunities and boosting rural industrialisation.

In the gemstones and jewellery sector, Nuvo Aeon Diamond and Jewellery Private Limited will expand its facility in Khordha with an investment of ₹243.50 crore, strengthening Odisha’s footprint in high-value manufacturing.

In the infrastructure sector, Chalah Infratech Private Limited will develop a logistics park in Sambalpur with an investment of ₹174.10 crore, enhancing supply chain efficiency.

In the IT & ITES sector, PricewaterhouseCoopers Services LLP will establish a technology delivery centre in Khordha with an investment of ₹60 crore, creating 640 high-skilled jobs and reinforcing Odisha’s growing digital economy.

In the tourism and hospitality sector, multiple projects across Koraput, Bhubaneswar, Bolangir, and Puri will enhance tourism infrastructure and generate substantial employment, further strengthening the services sector.

Collectively, these 23 projects reaffirm Odisha’s commitment to fast-tracked industrialisation, investment facilitation, and job creation, while contributing to the larger vision of Purvodaya. The State continues to offer a conducive ecosystem driven by policy stability, infrastructure readiness, and skilled human resources.

The Single Window Clearance mechanism remains a cornerstone of Odisha’s ease of doing business framework, ensuring time-bound approvals, streamlined processes, and proactive investor support, enabling swift grounding of projects.

Aligned with the vision of Viksit Odisha 2036, these approvals mark another significant step towards transforming Odisha into a leading industrial and economic powerhouse of eastern India, contributing meaningfully to India’s growth story.

With sustained momentum in investment facilitation, Odisha is solidifying its status as a premier industrial destination in eastern India.


 

Tags: Chief Minister Mohan Charan MajhiEastern India GrowthEmployment OpportunitiesGovernment ProjectsIndustrial GrowthIndustrial Investmentsinvestment approvalsInvestment Proposalsjob creation Odishamanufacturing OdishaOdisha DevelopmentOdisha Economic GrowthOdisha economyOdisha industriesOdisha IndustryOdisha investmentOdisha investment projectsOdisha JobsPragativadi newsPurvodayaSLSWCA approvals
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Yajati Rout

Yajati Rout

Yajati K. Rout is a dynamic journalist at Pragativadi, known for delivering nuanced and impactful storytelling that spans Odisha’s societal fabric to global sports arenas. His reporting navigates seamlessly between grassroots realities, high-profile political developments, and the pulse of international tennis and cricket. With a flair for SEO-driven storytelling and a deep cultural lens, Yajati crafts content that resonates with a diverse readership—bridging insight with accessibility.

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