Bhubaneswar, Feb 21: The Odisha government on Saturday approved 10 major industrial projects worth Rs 44,241.97 crore.
The projects received approval at the 44th meeting of the High-Level Clearance Authority (HLCA) chaired by Chief Minister Mohan Charan Majhi.
The proposed projects will generate 8,765 employment opportunities in the state.
The projects span key sectors including Rare Earth Manufacturing, Semiconductor, Cement, Automobile & Auto-components, Telecom Infrastructure, and Power & Renewable Energy, and are distributed across Khurda, Koraput, Malkangiri, Dhenkanal, Puri, Nayagarh, Kalahandi and Deogarh.
In the semiconductor sector, ASP Semicon Private Limited will establish a Semiconductor Memory Chip Modules Plant in Khurda with an investment of Rs 4,620 crore, generating 2,500 employment opportunities and reinforcing Odisha’s emerging electronics and semiconductor ecosystem.
In the rare earth segment, Magnova Private Limited will investment Rs 1,050 crore in Khurda to set up an integrated high-performance magnet manufacturing facility.
Further enhancing advanced manufacturing capabilities, Bharat Forge Limited will invest Rs 3,000 crore in Dhenkanal to establish an Automotive, Aerospace & Defence Components Manufacturing Unit. It will generate 1,000 employment opportunities and positioning Odisha as a high-precision engineering destination.
Similarly, the NCL Industries Limited comes ahead with investing Rs 2,000 crore in Koraput and Dalmia Cement (Bharat) Ltd. setting up Integrated Cement Plant in Malkangiri with an investment of Rs 2,000 crore. These projects in toto, are expected to generate 2,000 employment opportunities for the people.
Adani Hydro Energy Twelve Limited will invest Rs 9,731.47 crore in Nayagarh whereas Sangamam CD Hydro Consortium will invest ₹9,000 crore in Koraput.
Similarly, Greenko OR01 IREP Private Limited has proposed to invest Rs 7,506.94 crore in Kalahandi, while Jindal Green PSP Two Private Limited will invest Rs 3,711.56 crore in Deogarh for pumped Storage Hydro Power Plant.
In the telecom infrastructure sector, Shreetech Data Limited-CLS will invest Rs 1,622 crore to establish a cable landing station in Puri.
