10 Major Investments Cleared at HLCA Meeting Led by CM Mohan Charan Majhi
Bhubaneswar, February 22: The Odisha government has approved 10 large industrial projects with a combined investment of Rs 44,200 crore, marking a significant step in strengthening the state’s industrial ecosystem. The approvals were granted at a High-Level Clearance Authority meeting chaired by Chief Minister Mohan Charan Majhi on Saturday evening.The projects span strategic sectors including semiconductors, rare earth manufacturing, cement, automobiles and auto-components, telecom infrastructure, and renewable energy. Officials said the initiatives are expected to generate employment for 8,765 people across eight districts such as Khurda, Koraput, Kalahandi, Malkangiri, Dhenkanal, Puri, Nayagarh, and Deogarh.
Semiconductor and Rare Earth Manufacturing to Anchor Technology Growth
In a major boost to the semiconductor ecosystem, ASP Semicon received approval to set up a Rs 4,620 crore semiconductor memory chip plant in Khurda. The project is expected to position Odisha as an emerging hub in the semiconductor value chain.Further strengthening advanced manufacturing, Magnova Private Ltd secured approval for a Rs 1,050 crore high-performance magnet manufacturing facility in Khurda under the rare earth segment.
Cement and Manufacturing Projects Expand Industrial Footprint
The cement sector also saw key clearances. NCL Industries and Dalmia Cement Bharat Ltd have been approved to invest Rs 2,000 crore each in cement plants located in Koraput and Malkangiri, respectively.In the automotive and aerospace segment, Bharat Forge Ltd will invest Rs 3,000 crore in Dhenkanal to establish a manufacturing unit focused on aerospace and defence components, reinforcing Odisha’s presence in high-value industrial production.
Renewable Energy and Pumped Storage Projects Strengthen Energy Security
A significant portion of the approved investments is directed towards renewable energy and pumped storage hydropower projects aimed at enhancing long-term energy security.Adani Hydro Energy Twelve Ltd will invest Rs 9,731 crore in Nayagarh for a pumped storage hydropower project. Jindal Green PSP Two Private Limited has been approved for a Rs 3,711 crore pumped storage hydro power plant in Deogarh.
Sangamam CD Hydro Consortium will invest Rs 9,000 crore in Koraput, while Greenko Private Ltd has proposed an investment of Rs 7,506 crore in Kalahandi.
Officials said these renewable energy projects are designed to integrate clean energy into the grid and strengthen the state’s energy resilience.
Telecom Infrastructure Expansion in Puri
In the telecom infrastructure sector, Shreetech Data Ltd CLS will establish a cable landing station in Puri with an investment of Rs 1,622 crore. The project is expected to enhance connectivity infrastructure and support digital growth in the region.Government Focus on Speedy Implementation
Chief Minister Mohan Charan Majhi reiterated that approvals must translate into on-ground execution within predictable timelines.He said that attracting investments is only the first step, and the government is focused on ensuring their timely materialisation. He emphasised coordinated action, targeted investor outreach, and strengthening institutional mechanisms to facilitate seamless implementation.
Majhi also outlined a three-pronged approach to accelerate project turnaround. This includes targeted investor pursuit, ensuring speed and ease through a functional administrative system, and empowering field-level mechanisms to resolve bottlenecks swiftly.
With these approvals, Odisha aims to reinforce its position as a preferred destination for industrial investment while expanding its footprint in semiconductors, renewable energy, advanced manufacturing, and telecom infrastructure.
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