Odisha Greenlights Rs 4,222.24 Crore Investments to Boost Job Creation

The Odisha government approved Rs 4,222.24 crore investment proposals, expected to create 15,497 jobs. These approvals, in sectors like pharmaceuticals, textiles, and green energy, involve 25 projects across eleven districts, enhancing industrial growth. Major approvals include Hetro Labs' pharma unit and Shyammetalics' titanium slag plant.

In a bid to bolster industrial development and job creation, the Odisha government has sanctioned investment proposals totaling Rs 4,222.24 crore. According to official sources, these investments are poised to generate approximately 15,497 jobs across the state.

The decisions were made during a session of the State Level Single Window Clearance Authority (SLSWCA), led by Chief Secretary Manoj Ahuja. The meeting strategically precedes the 'Utkarsh Odisha - Make in Odisha Conclave 2025' business summit, to be held later this month. The approved 25 projects span various sectors, including green energy equipment, pharmaceuticals, and textiles.

Eleven districts—Angul, Ganjam, and Khordha among them—are set to benefit significantly from these projects, further solidifying Odisha's industrial framework. Noteworthy among the approvals is Hetro Labs Ltd's proposed Rs 700-crore pharma manufacturing unit in Ganjam and Shyammetalics Specialty Alloys Pvt Ltd's Rs 710-crore titanium slag plant in Sambalpur.

(With inputs from agencies.)