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Odisha Launches Rs 1.15 Lakh Crore Industrial Projects to Boost Growth

Chief Minister Mohan Charan Majhi inaugurates and lays foundations for 24 ventures, creating 36,000 jobs and cementing Odisha's industrial future.

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Photo: SNS

Overview

  • Odisha Chief Minister Mohan Charan Majhi inaugurated four projects and laid foundation stones for 20 others, marking a total investment of Rs 1.15 lakh crore.
  • The projects are expected to generate 36,000 jobs, with significant contributions from steel, manufacturing, and allied sectors.
  • Tata Steel's 5 MTPA Integrated Steel Plant expansion at Kalinga Nagar leads the inaugurated projects with a Rs 47,599 crore investment, creating 4,625 jobs.
  • The groundbreaking for Neelachal Ispat Nigam Limited's 8.52 MTPA steel plant expansion, worth Rs 61,769 crore, is projected to generate 14,000 direct jobs.
  • Foreign investments from Germany, Japan, the UK, and the USA are driving advanced technology and MSME linkages, bolstering Odisha's industrial ecosystem.