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The Odisha government has approved ten industrial projects with a total proposed investment of over INR 44,200 cr across renewable energy, semiconductors, cement, auto components and telecom infrastructure. The approvals were granted at a High-Level Clearance Authority meeting chaired by Chief Minister Mohan Charan Majhi. The projects are expected to generate around 8,765 jobs across eight districts. Major proposals include a pumped storage hydropower project by the Adani Group and a semiconductor memory chip manufacturing plant in Khurda, strengthening the state's industrial and energy base.
The Odisha government has granted approval to ten industrial projects involving investments of more than INR 44,200 cr. The clearances were issued at a meeting of the High-Level Clearance Authority chaired by Chief Minister Mohan Charan Majhi. The projects span renewable energy, semiconductor manufacturing, rare earth processing, cement production, auto and aerospace components, and telecom infrastructure. Advertisement
According to official details, these projects are expected to create around 8,765 employment opportunities across eight districts Khurda, Koraput, Kalahandi, Malkangiri, Dhenkanal, Puri, Nayagarh and Deogarh. The investments are spread across both coastal and interior regions of the state, reflecting a wider industrial push.
In the renewable energy segment, Adani Hydro Energy Twelve Ltd, a subsidiary of the Adani Group, will invest INR 9,731 cr to set up a pumped storage hydropower project in Nayagarh district. In addition, Sangamam CD Hydro Consortium has proposed an investment of INR 9,000 cr, Greenko Private Ltd has committed INR 7,506 cr, and Jindal Green PSP Two Private Limited will invest INR 3,711 cr in pumped storage projects. These projects are aimed at strengthening grid stability and supporting renewable energy integration.
In the semiconductor sector, ASP Semicon will invest INR 4,620 cr to establish a memory chip manufacturing plant in Khurda. This is significant as India has been focusing on building domestic semiconductor capacity to reduce import dependence. Alongside this, Magnova Private Ltd will invest INR 1,050 cr to set up a high-performance magnet manufacturing facility, also in Khurda, supporting advanced electronics and industrial applications.
In the engineering and manufacturing segment, Bharat Forge Ltd has received approval to invest INR 3,000 cr in a unit at Dhenkanal for aerospace, defence and auto components. The project is expected to strengthen Odisha's presence in high-value manufacturing.
In the cement sector, NCL Industries and Dalmia Cement (Bharat) Ltd have each secured approvals to invest INR 2,000 cr. The plants will be set up in Koraput and Malkangiri respectively, adding to the state's cement production capacity and supporting infrastructure growth.
In the telecom infrastructure segment, Shreetech Data Ltd-CLS will invest INR 1,622 cr to establish a cable landing station in Puri. This facility is expected to enhance digital connectivity along the eastern coast and improve data infrastructure.
Officials indicated that these approvals form part of the state's continued efforts to attract large-scale investments across emerging and traditional sectors. The government has been focusing on faster clearances and sector-specific policies to improve ease of doing business and ensure timely implementation of approved projects.
Source PTI
FAQ
1. What has the Odisha government approved?
The Odisha government has cleared ten major industrial projects with a combined proposed investment of over INR 44,200 cr. The approvals were granted at a High-Level Clearance Authority meeting chaired by Chief Minister Mohan Charan Majhi. These projects span renewable energy, semiconductors, cement, engineering, and telecom infrastructure, reflecting a diversified industrial expansion strategy.
2. How many jobs are expected to be created and where?
The approved projects are expected to generate around 8,765 employment opportunities across eight districts Khurda, Koraput, Kalahandi, Malkangiri, Dhenkanal, Puri, Nayagarh, and Deogarh. The distribution of investments across coastal and interior regions indicates a balanced approach to regional industrial development.
3. What are the key renewable energy projects?
In the renewable energy segment, Adani Group subsidiary Adani Hydro Energy Twelve Ltd will invest INR 9,731 cr in a pumped storage hydropower project in Nayagarh. Additional investments include INR 9,000 cr by Sangamam CD Hydro Consortium, INR 7,506 cr by Greenko Private Ltd, and INR 3,711 cr by Jindal Green PSP Two Private Limited. These projects aim to enhance grid stability and support renewable energy integration.
4. What developments are planned in the semiconductor and advanced manufacturing sectors?
ASP Semicon will invest INR 4,620 cr to establish a memory chip manufacturing plant in Khurda, supporting India's push for domestic semiconductor capacity. Magnova Private Ltd will invest INR 1,050 cr in a high-performance magnet manufacturing facility in the same district. Additionally, Bharat Forge Ltd will invest INR 3,000 cr in Dhenkanal to manufacture aerospace, defence, and auto components, strengthening high-value manufacturing in the state.
5. What investments have been approved in cement and telecom infrastructure?
In the cement sector, NCL Industries and Dalmia Cement (Bharat) Ltd have each secured approvals to invest INR 2,000 cr in Koraput and Malkangiri, respectively. In telecom infrastructure, Shreetech Data Ltd-CLS will invest INR 1,622 cr to establish a cable landing station in Puri, enhancing digital connectivity along the eastern coast.
6. What does this mean for Odisha's industrial growth?
These approvals reflect Odisha's continued focus on attracting large-scale investments across emerging and traditional sectors. By combining renewable energy, advanced manufacturing, cement, and telecom infrastructure, the state is strengthening both its industrial base and digital ecosystem. The emphasis on faster clearances and sector-specific policies indicates a long-term strategy to improve ease of doing business and ensure timely project implementation.
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