Bhubaneswar: In a significant push towards industrial expansion and technology-driven growth, the 44th meeting of the High-Level Clearance Authority (HLCA), chaired by Chief Minister Mohan Charan Majhi, has approved 10 major industrial projects involving a total investment of ₹44,241.97 crore.
The projects are expected to generate 8,765 employment opportunities across eight districts — Khordha, Koraput, Malkangiri, Dhenkanal, Puri, Nayagarh, Kalahandi and Deogarh.
The approvals mark a strategic shift in Odisha’s industrial focus from traditional sectors to emerging, technology-driven industries.
Addressing the meeting, the Chief Minister Majhi said the state is positioning itself as a hub for advanced manufacturing, renewable energy and high-value technology sectors. “Through these strategic HLCA approvals, we are creating opportunities for emerging businesses, strengthening advanced manufacturing and renewable energy capacity, and accelerating our journey towards a ‘Samruddha Odisha’ by 2036,” he stated.
In a major boost to the semiconductor ecosystem, ASP Semicon Private Limited will set up a semiconductor memory chip module plant in Khordha with an investment of ₹4,620 crore. The project alone is expected to create 2,500 jobs, significantly strengthening Odisha’s footprint in the electronics manufacturing space. In the rare earth segment, Magnova Private Limited has proposed an investment of ₹1,050 crore in Khordha to establish an integrated high-performance magnet manufacturing facility, reinforcing the state’s ambition to become a key player in advanced materials.
Further strengthening Odisha’s industrial base, Bharat Forge Limited will invest ₹3,000 crore in Dhenkanal to establish an automotive, aerospace and defence components manufacturing unit. The project is expected to generate around 1,000 employment opportunities and enhance the state’s position in high-precision engineering and defence manufacturing.
The cement sector will witness significant expansion in southern Odisha, with NCL Industries Limited investing ₹2,000 crore in Koraput and Dalmia Cement (Bharat) Ltd setting up an integrated cement plant in Malkangiri with a similar investment of ₹2,000 crore. Together, these projects are projected to create around 2,000 jobs and spur economic activity in the region.
Renewable energy accounted for a substantial portion of the approved investments. Adani Hydro Energy Twelve Limited will invest ₹9,731.47 crore in Nayagarh, while Sangamam CD Hydro Consortium has proposed ₹9,000 crore in Koraput. Greenko OR01 IREP Private Limited plans to invest ₹7,506.94 crore in Kalahandi, and Jindal Green PSP Two Private Limited will invest ₹3,711.56 crore in Deogarh to set up pumped storage hydro power plants. These projects are expected to enhance Odisha’s renewable energy capacity and contribute to grid stability while supporting the state’s clean energy ambitions.
In the telecom infrastructure sector, Shreetech Data Limited-CLS will invest ₹1,622 crore to establish a cable landing station in Puri. The project is expected to strengthen digital connectivity and position Odisha as a strategic data gateway along India’s eastern coastline.
Highlighting the state’s investment strategy, the Chief Minister emphasised a three-pronged action plan focusing on targeted investor outreach to secure high-value projects, ensuring speed and ease of clearances backed by strict Service Level Agreements, and reducing project turnaround time by empowering field-level mechanisms to swiftly resolve bottlenecks. He asserted that these coordinated efforts would help Odisha remain a preferred destination for global investment and accelerate its long-term development vision.
