Investment proposals worth Rs 25,380 crores in Odisha have been approved, leading to the commencement of 27 new projects. These projects are projected to generate approximately 52,000 job opportunities.
In a significant move for the state of Odisha, Chief Minister Mohan Charan Majhi recently laid the foundation stones for 27 industrial projects in Bhubaneswar. These projects, spanning key sectors including chemicals, textiles, plastics, cement, food processing, and pharmaceuticals, are expected to bring investments worth Rs 25,380 crore and give a major push to the industrial ecosystem.
One of the notable investments is by Epsilon Carbon Ashok Pvt Ltd, who will invest Rs5,806 crore in Jharsuguda for a new facility. This project is anticipated to employ 2,500 people directly and contribute to the job market in the selected districts.
Another significant venture is Shree Bajrang Power and Metallics Ltd's rare earth minerals project in Khordha district, across Sahaspur, Gediapalli, and Santrapur. With an investment of Rs2,096 crore, this project is expected to generate numerous job opportunities as well.
SRF Limited, a renowned name in the industry, will establish a plant in Ganjam district with an investment of Rs10,000 crore. This venture is projected to create nearly 20,000 jobs, further boosting the economy of the selected districts.
The industries minister, Sampad Swain, the chief secretary, Manoj Ahuja, senior officials, and representatives of leading companies were present at the ceremony held at the Agriculture Education Hall of OUAT, Bhubaneswar.
These projects mark a step towards balanced regional growth and sustained job creation in Odisha. The Majhi government has been projecting Odisha as a fast-emerging investment hub, and these ventures certainly strengthen this claim.
The projects in Odisha will not only strengthen traditional manufacturing but also open up opportunities in sunrise sectors. The industry projects in the districts of Ganjam, Jharsuguda, and Khordha will be financed by companies such as Tata Steel, Jindal Steel and Power, and Indian Metals and Ferro Alloys, with projected investments totaling approximately $1.5 billion.
The projects are part of the industrial development in Bhubaneswar and are expected to generate over 52,000 direct and indirect jobs. The districts set to benefit from the new ventures include Ganjam, Jharsuguda, Khordha, Koraput, Angul, Bhadrak, Sundargarh, Cuttack, Puri, Sambalpur, Jajpur, and Rayagada.
These developments are a testament to Odisha's potential as an industrial powerhouse and its commitment to job creation and balanced regional growth.
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