In a significant boost to the state’s industrial development, the Odisha government has cleared 19 major investment proposals worth ₹3,898 crore, paving the way for the creation of over 7,400 new job opportunities across multiple sectors. The proposals were approved during a meeting of the State Level Single Window Clearance Authority (SLSWCA) chaired by Chief Secretary Manoj Ahuja, held on Friday, May 2, 2025.

According to the official release, the projects span a wide range of industries including steel, iron and ferro alloys, industrial gases, logistics, food and beverages, agro-processing, tourism and hospitality, chemicals, metal downstream, apparel, and textiles. The government aims to leverage these investments to not only stimulate industrial output but also ensure widespread employment generation in both urban and semi-urban areas.

Key Industrial Investments

One of the most prominent proposals approved was that of Sree Metaliks Limited, which received the green signal to expand its integrated steel plant in Keonjhar. The company plans to invest ₹885 crore for the expansion, which is expected to create significant employment in the mineral-rich district.

In a related move, Tata Steel was granted permission to increase its crude steel capacity from the proposed 6.5 million tonnes per annum (MTPA) to 7.1 MTPA, involving an additional investment of ₹700 crore. This expansion is a part of Tata Steel's long-term strategy to bolster its presence in Odisha, a state that has emerged as a key hub in India’s industrial ecosystem.

Sectoral and District-Wise Spread

The approved projects are geographically diverse, covering 11 districts including Angul, Balasore, Cuttack, Dhenkanal, Ganjam, Jajpur, Keonjhar, Khurda, Koraput, Sambalpur, and Sundargarh. Each district will benefit from different kinds of industrial units, tailored to their respective resource profiles and labor capacities.

Some other notable investments include:

• Lal Baba Seamless Tubes Pvt Ltd: Proposed a precision tube manufacturing facility in Cuttack with an investment of ₹200 crore.

• Surlon India Ltd: Set to establish a railway component manufacturing unit in Sundargarh, valued at ₹55 crore.

• Linde India Ltd: Received approval for a ₹425 crore investment in the industrial gases sector.

• Bhuvaneshwari Foods & Beverages Pvt Ltd: Will invest ₹300 crore in the food processing sector.

• ACME Clean Energy Pvt Ltd: Plans to bring ₹366.50 crore into renewable and clean energy initiatives.

• Vasanth Vihar Constructions: Proposed an investment of ₹134.50 crore in the tourism and hospitality space.

This diverse set of proposals indicates Odisha’s growing appeal not only in traditional sectors like steel and metal processing but also in emerging areas such as clean energy and tourism.

Job Creation and Industrial Momentum

As per the official projections, these 19 projects are expected to generate more than 7,400 direct jobs. This does not account for the indirect employment opportunities that will arise during the construction and operational phases of the projects. The combination of capital-intensive projects and labor-intensive units ensures a balanced employment footprint across skill levels.

In districts such as Keonjhar and Sundargarh, where resource availability is high but employment options are still developing, these approvals are poised to significantly impact local livelihoods. With the Make in Odisha campaign gaining fresh traction, such approvals further validate the state’s vision to become a manufacturing powerhouse.

Government’s Pro-Industry Approach

The Odisha government’s pro-industry stance, reflected in swift single-window approvals, has been a crucial factor in attracting fresh investments. The SLSWCA mechanism ensures that genuine investors get the necessary regulatory clearances in a time-bound manner. This transparency and efficiency have made Odisha one of the top investment destinations in India.

In recent years, the state has made sustained efforts to develop industrial parks, strengthen logistics infrastructure, and upgrade power and transport facilities. Special focus has also been given to improving ease of doing business, especially for MSMEs and large enterprises.

Broader Impact and Outlook

The timing of this investment clearance is strategic. With India’s macroeconomic outlook remaining positive and the manufacturing PMI for April reaching a 10-month high, Odisha is riding the national growth wave efficiently. The state’s efforts are well-aligned with central policies such as Atmanirbhar Bharat and PLI schemes, encouraging both domestic and foreign players to set up units in the region.

Additionally, with upcoming elections and the possibility of new policy frameworks post-2025, the momentum generated through these investments could serve as a launchpad for sustained economic activity and regional development.

As Odisha continues to balance resource-led growth with inclusive employment generation, its approach offers a template for other Indian states aiming to attract capital while ensuring socio-economic progress.

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