Argus News - Odisha Govt Launches 20 Industrial Projects Worth Rs 8,884 Cr In Rourkela

Rourkela, Jan 28: Odisha Chief Minister Mohan Charan Majhi on Wednesday launched 20 industrial projects worth Rs 8,884 crore in Rourkela, officials said. The announcement coincided with the silver jubilee celebration of Enterprise Odisha 2026.

The projects include the inauguration of 11 ventures with an investment of Rs 5,708 crore and the laying of foundation stones for nine projects worth Rs 3,176 crore.

Addressing the gathering, CM Majhi said, “The event represents a new way of thinking for us; a mindset where we aspire to be the best in every sector. We will be the best, and we will compete with the best. With this confidence, we are moving forward.”

Emphasizing the government’s industrial strategy, the Chief Minister noted that anchor industries would be established in every region, supported by hundreds of MSMEs functioning as suppliers, vendors, logistics partners, fabricators, and technology providers. “This will ensure that our youth no longer need to migrate for jobs; opportunities will come to their doorstep,” he added.

The Chief Minister also participated in three roundtable discussions with the Rourkela Chamber of Commerce, Orissa Sponge Iron Manufacturing Association (OSIMA), and delegations from Ranchi and Raipur. These discussions highlighted the emerging Raipur-Ranchi-Rourkela (RRR) Corridor, reflecting enhanced regional collaboration and shared growth prospects.

Officials reported that 22 MoUs worth Rs43,349 crore were signed during the event, expected to generate 18,985 jobs. Additionally, five investment proposals worth Rs8,677 crore were received. In a major development, CM Majhi handed over a letter offering 1,447.927 acres at Kamakhyanagar in Dhenkanal district to Vedanta Aluminium Ltd for its proposed 3 MTPA aluminium smelter and 4,900 MW Captive Power Plant project.

Industries Minister Sampad Chandra Swain said, “Enterprise Odisha 2026 is focused on delivery. Investor interest has already translated into MoUs and project intents, and our priority is to move swiftly from land allocation to grounding and production, particularly in downstream manufacturing and metal ancillaries across Western Odisha.”