Archive · 9 Jan 2026
Odisha Approves Rs 55,783 Crore Investments
The Odisha government has approved seven big industrial projects worth Rs 55,783 crore.
These projects will create over 14,500 jobs in sectors like steel, rare earth, automobiles, and semiconductors.
They will be set up in districts like Dhenkanal, Ganjam, Keonjhar, and Khurda.
The biggest project is a steel plant by Saffron Resources Private Limited, which will invest Rs 35,000 crore and create 8,000 jobs.
The government aims to make Odisha strong and self-sufficient by 2036 through these investments.
Additionally, the Chief Minister emphasized the importance of skill development to ensure that the youth can secure employment within the state.
The government is upgrading ITIs and establishing AI laboratories to promote skill development in various fields.
Odisha government approved seven industrial projects worth Rs 55,783 crore.
Projects will create 14,507 jobs across various sectors including steel, rare earth, automobiles, and semiconductors.
Key projects are located in Dhenkanal, Ganjam, Keonjhar, and Khurda districts.
Largest investment is Rs 35,000 crore for a steel plant by Saffron Resources Private Limited.
Chief Minister Mohan Charan Majhi emphasized skill development to ensure employment within the state.
- Who
- Odisha government, led by Chief Minister Mohan Charan Majhi
- What
- Approved seven major industrial projects and emphasized skill development
- When
- January 8, 2024
- Where
- Bhubaneswar, Odisha
- Why
- To boost economic growth, create jobs, and make the state self-sufficient by 2036
Government Perspective
Environmental Concerns
Economic Growth
Government Perspective
The government aims to boost economic growth and create jobs through industrialization.
Environmental Concerns
Environmental groups express concerns about the ecological impact of large-scale industrial projects.
- Total Investment
- Rs 55,783 crore
- Number of Projects
- 7
- Jobs Created
- 14,507
- Chief Minister
- Mohan Charan Majhi
- Meeting Body
- High-Level Clearance Authority (HLCA)
- Key Sectors
- Steel, Rare Earth, Automobiles, Semiconductors, Industrial Gases, Ferroalloys, Power and Renewable Energy
- Districts Involved
- Dhenkanal, Ganjam, Keonjhar, Khurda
- Skill Development Initiatives
- Utkarsh ITI Scheme, AI laboratories in ITIs
- Total Projects Approved in 18 Months
- Rs 6.15 lakh crore
- Employment Generated in 18 Months
- 3.64 lakh people