Odisha government greenlights investment proposals worth Rs 3,457 crore, generating employment for over 14,000 individuals. The approvals, granted at the State Level Single Window Clearance Authority (SLSWCA) meeting, include projects in sectors such as metal downstream, pharmaceuticals, food processing, cement, textiles, IT, and ESDM. Odisha cements its position as a top investment destination.

Odisha Government Approves Rs 3,457 Crore Investment

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The Odisha government has given its approval to 18 investment proposals valued at Rs 3,457 crore, which is expected to create employment opportunities for at least 14,436 individuals, according to an official statement. These proposals were reviewed and approved by the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary P K Jena, during a meeting held on Thursday. Additionally, two industrial projects were recommended to the High-Level Investment Authority (HLCA) by the panel.

Out of the 18 investment proposals, ten were submitted during the Make in Odisha Conclave 2022. This demonstrates the tremendous success of the conclave in attracting investments and reaffirms Odisha’s position as the second-highest recipient of ongoing investments during the fiscal year 2022-23, the official emphasized.

The official further stated that the state government is dedicated to transforming investment intentions into tangible realities. The approved projects span a wide range of sectors, including metal downstream and ancillary, pharmaceuticals, food processing, cement, textile and apparel, IT Companies and electronic system design and manufacturing (ESDM), and agro-processing.

These projects will be established in various districts of the state, including Jajpur, Khurda, Koraput, Cuttack, Sundergarh, Bhadrak, Sonepur, Bolangir, and Boudh. Among the approved projects, nine are in the metal sector, five are in the agro and food processing sector, and one project each falls under the textiles, cement, IT and ESDM, and pharmaceuticals sectors.

Odisha has been a frontrunner in the mining and metallurgy sector due to its abundant natural resources. The state government has further capitalized on this advantage to develop a robust metal ecosystem within the state. While Odisha continues to lead in the production of steel, stainless steel, alumina, and aluminum, it is also emerging as a leader in the metal downstream and ancillary sector, according to the official.