Odisha is heading towards becoming a major industrial hub of India. The state government has recently approved industrial projects in different segments worth Rs. 1.36 Lakhs crores. These projects are not only capable of changing Odhisa’s economy but also employing 74,350 people in all. The segments of focus under these projects will be steel, chemicals, aluminium, aviation fuel, green energy, apparel and textiles, power, renewable energy, and cement. The project is vast and will be set up in 10 different districts of Odisha marking an overall growth.
Chief Minister Mohan Majhi and Prime Minister Narendra Modi held a meeting after which the state government gave its approval for this big project worth Rs. 1,36,622.24, having 20 transformative industrial projects inside it. Cabinet Colleagues, MLA’s and other leaders were also present in the meeting. The project is one of the important milestones for Odisha as it will be providing 74,350 jobs across various segments.
CM Majhi has played a great role in attracting these investments for the state. Under his leadership, Odisha is moving towards becoming a state with advanced technology and development. One of the examples of work under his leadership is the Utkarsh Odisha roadshow. This roadshow was held in cities like Delhi, Mumbai, and Singapore. The purpose of this roadshow was to attract investors and growth opportunities.
The Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) has shown data-driven progress of the state after Majhi’s takeover. According to them, the state will be creating more than 1.1 Lakh jobs from the total of 73 industrial projects having an investment of Rs. 1,80,000 crores. These projects will be set up in 10 districts. These are Jajpur, Jharsuguda, Khordha, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak and Jagatsinghpur.
Different districts will be working on different projects with different investors. The Jajpur district will have investment from the steel industry king, Tata Group. They are looking to expand their steel plant from 0.98 MTPA to 9.50 MTPA at Neelachal Ispat Nigam Limited. The district will be having an investment of Rs. 61,769 crores for the project.
On the other hand, Jharsuguda will be getting the investment from Bharat Coal Gasification and Chemicals Limited. They will be ammonium nitrate plants for high ash coal with an annual capacity of 6,60,000 metric tonnes. There will be an investment of Rs. 11,782 crores there. In Sambalpur, Hindalco Industries Limited will be expanding its aluminium smelter capacity from 0.38 million tonnes per annum to 0.668 mtpa. There will be an investment of Rs. 10,645 crores in the project.