Odisha approves ₹55,783 cr projects, set to create over 14,500 jobs

The Odisha government on Thursday approved seven major industrial projects worth an investment of Rs 55,783 crore and having the potential to generate 14,507 jobs, an official said. The project proposals were approved at the High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi. "Through these investment clearances, we are focusing on making the state strong, Atmanirbhar and ready for Samruddha Odisha by 2036," he said. The approved projects span key sectors including steel, rare earth manufacturing, automobiles and auto-components, semiconductors, industrial gases, ferroalloys and power and renewable energy and are spread across districts such as Dhenkanal, Ganjam, Keonjhar and Khurda. In the steel sector, Saffron Resources Private Limited, (a JSW Group Company) leads the approvals with a mega investment of Rs 35,000 crore to establish a 6 MTPA steel plant in Dhenkanal. The project alone is expected to generate around 8,000 employment ...