Bhubaneswar, Mar 28: Odisha has taken a monumental leap in industrial development Thursday by approving investments worth Rs 1,65,303 crore for 10 major projects across seven districts. This decision marks a pivotal moment for the state's economy and reflects its commitment to sustainable growth.

Key industries set to benefit include steel, aluminium, power generation, and green hydrogen production. Major players like Vedanta Ltd., JSW Steel, and Orissa Thermal Energy Limited have pledged their contribution, promising massive industrial expansion and job creation.

With over 51,000 direct jobs expected to be generated, these initiatives aim to foster socioeconomic development across Odisha. The projects will leverage the state’s rich mineral resources and boost the manufacturing sector, aligning with India’s vision of becoming a global industrial hub.

Two projects have been approved in Rayagada district. Similarly, two projects each have been approved in Keonjhar and Ganjam districts, and one project each has been approved in Bhadrak, Mayurbhanj, Cuttack, and Khordha districts.

In Rayagada, Vedanta will establish both the projects. Investments exceeding Rs 90,000 crore will be made, creating around 15,900 employment opportunities.

Similarly, JSW will set up a steel plant in Keonjhar, with an investment of Rs 35,000 crore. This initiative will provide jobs for around 8,000 youths. Steel plant projects have also been approved in Keonjhar and Bhadrak districts.

Furthermore, this investment drives Odisha closer to achieving energy sustainability by focusing on green hydrogen and renewable energy. It also reaffirms the state's position as a preferred destination for industrial investments due to its investor-friendly policies and strategic location.

Odisha's bold move is expected to strengthen its economic resilience and encourage inclusive growth.

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