The Odisha government has cleared investment proposals worth ₹4,515 crore across 18 projects, covering a wide range of sectors including renewable energy, green hydrogen, steel, tourism, electric vehicle manufacturing, and data centres. The approvals were granted during a state-level meeting focused on accelerating industrial development and creating employment opportunities across the region.
Among the key approvals, the steel sector secured significant attention. Konark Ispat will invest nearly ₹990 crore to expand its operations in Jharsuguda, strengthening its capacity in both steel and power production. Additionally, new steel units have been approved in Sundargarh district, underlining Odisha’s role as a major steel hub in India.
Beyond steel, the cleared projects include notable investments in emerging sectors such as green hydrogen and renewable energy, signalling the state’s commitment to sustainable industrialisation. The approval of projects in electric vehicles and data centres reflects Odisha’s strategy to diversify into future-ready industries while complementing its strong base in traditional heavy industries.
According to official estimates, the projects collectively are expected to generate more than 8,200 jobs across eight districts. This employment potential is likely to have a multiplier effect on local economies, boosting demand for ancillary services, logistics, and housing.
The government has emphasised its focus on balanced regional development, with projects distributed across industrially active districts such as Jharsuguda and Sundargarh, as well as emerging growth centres. Officials believe the combination of traditional steel projects with forward-looking investments in clean energy and digital infrastructure will ensure Odisha’s continued industrial leadership.
By aligning large-scale industrial projects with employment generation and sustainable practices, the state aims to position itself as a preferred investment destination, reinforcing its reputation as both a steel powerhouse and a hub for next-generation industries.
The Odisha government has cleared investment proposals worth ₹4,515 crore across 18 projects, covering a wide range of sectors including renewable energy, green hydrogen, steel, tourism, electric vehicle manufacturing, and data centres. The approvals were granted during a state-level meeting focused on accelerating industrial development and creating employment opportunities across the region.
Among the key approvals, the steel sector secured significant attention. Konark Ispat will invest nearly ₹990 crore to expand its operations in Jharsuguda, strengthening its capacity in both steel and power production. Additionally, new steel units have been approved in Sundargarh district, underlining Odisha’s role as a major steel hub in India.
Beyond steel, the cleared projects include notable investments in emerging sectors such as green hydrogen and renewable energy, signalling the state’s commitment to sustainable industrialisation. The approval of projects in electric vehicles and data centres reflects Odisha’s strategy to diversify into future-ready industries while complementing its strong base in traditional heavy industries.
According to official estimates, the projects collectively are expected to generate more than 8,200 jobs across eight districts. This employment potential is likely to have a multiplier effect on local economies, boosting demand for ancillary services, logistics, and housing.
The government has emphasised its focus on balanced regional development, with projects distributed across industrially active districts such as Jharsuguda and Sundargarh, as well as emerging growth centres. Officials believe the combination of traditional steel projects with forward-looking investments in clean energy and digital infrastructure will ensure Odisha’s continued industrial leadership.
By aligning large-scale industrial projects with employment generation and sustainable practices, the state aims to position itself as a preferred investment destination, reinforcing its reputation as both a steel powerhouse and a hub for next-generation industries.
