In a major push to accelerate industrial growth and employment generation, the Odisha government has approved new investments worth ₹4,982 crore, with a significant portion allocated to the steel sector. The decision is part of the state’s long-term economic development blueprint, “Samrudha Odisha by 2036”, which aims to transform Odisha into a manufacturing and employment hub over the next decade.
According to a report, the state-level single window clearance authority (SLSWCA) gave the green light to multiple proposals, including major steel manufacturing projects by Vidya Minerals and Jatia Steel. These ventures are expected to not only boost Odisha’s steel production capacity but also stimulate allied industries such as mining, logistics, and downstream manufacturing.
Collectively, the approved projects are anticipated to generate nearly 12,000 direct and indirect jobs across various districts. While detailed investment breakdowns have not been publicly disclosed, officials confirmed that the proposed facilities will include advanced steelmaking technologies aligned with the state’s green and sustainable industrial goals.
The approval aligns with Odisha’s strategy to capitalise on its natural resource base—particularly iron ore—and establish itself as a leading destination for value-added steel manufacturing. The state has been actively promoting investments in integrated steel plants, pellet units, and metal parks, supported by policy incentives, infrastructure expansion, and streamlined clearances.
Officials stated that these initiatives would not only bolster the state’s industrial output but also contribute significantly to India’s broader goals of increasing domestic steel capacity and reducing reliance on imports. The projects are likely to attract further private investment and create multiplier effects in regional economies.
