Bhubaneswar: Chief Minister Mohan Charan Majhi, at a meeting of the High-Level Clearance Authority (HLCA), approved 10 major industrial projects worth Rs 44,241.97 crore across eight districts of Odisha.
The projects span sectors such as rare earth manufacturing, semiconductors, cement, automobile and auto-components, telecom infrastructure, and power and renewable energy, and are spread across Khurda district, Koraput district, Malkangiri district, Dhenkanal district, Puri district, Nayagarh district, Kalahandi district, and Deogarh district.
In the semiconductor sector, ASP Semicon Private Limited will set up a semiconductor memory chip module plant in Khurda district with an investment of Rs 4,620 crore, creating 2,500 jobs and strengthening Odisha’s electronics and semiconductor ecosystem. In the rare earth segment, Magnova Private Limited has proposed an investment of Rs 1,050 crore in Khurda district to establish an integrated high-performance magnet manufacturing facility.
Further strengthening advanced manufacturing, Bharat Forge Limited will invest Rs 3,000 crore in Dhenkanal district to establish an automotive, aerospace, and defence components manufacturing unit, generating around 1,000 jobs and positioning Odisha as a high-precision engineering hub.
The cement sector also saw major expansion, with NCL Industries Limited investing Rs 2,000 crore in Koraput district, and Dalmia Cement (Bharat) Limited setting up an integrated cement plant in Malkangiri district with an investment of Rs 2,000 crore.
A key highlight was the strong push for renewable energy infrastructure. Adani Hydro Energy Twelve Limited will invest Rs 9,731.47 crore in Nayagarh district, while Sangamam CD Hydro Consortium will invest Rs 9,000 crore in Koraput district.
Greenko OR01 IREP Private Limited has proposed Rs 7,506.94 crore in Kalahandi district, and Jindal Green PSP Two Private Limited will invest Rs 3,711.56 crore in Deogarh district to set up pumped storage hydropower plants. These projects are expected to strengthen Odisha’s long-term energy security, grid stability, and renewable integration capacity.
In the telecom infrastructure sector, Shreetech Data Limited will invest Rs 1,622 crore to establish a cable landing station in Puri district, enhancing digital connectivity and positioning the state as a strategic data gateway on the eastern coast. Highlighting Odisha’s growing competitiveness and the need to seize emerging global opportunities, Chief Minister Mohan Charan Majhi said that with global supply chains evolving and new trade avenues opening, the state must act with speed and strategic clarity.
The approved projects reflect Odisha’s shift towards high-value sectors, clean energy leadership, semiconductor ecosystem development, advanced manufacturing, and regionally balanced industrialisation. With swift decision-making and investor-friendly governance, the Government of Odisha continues to position the state as a preferred destination for both core and emerging sectors.
Concluding the meeting, Chief Minister Mohan Charan Majhi outlined a three-pronged action plan for departments, members of the High-Level Clearance Authority, and senior officials to sustain investment momentum and strengthen Odisha’s competitive edge.
“To remain ahead in an increasingly competitive investment landscape, we must pursue targeted investor outreach and proactively secure high-value projects. We must also ensure speed and ease through robust systems backed by strict Service Level Agreements, and reduce project turnaround times by empowering field-level mechanisms to swiftly resolve bottlenecks. These coordinated efforts will help Odisha remain a preferred destination for global investment,” he said.
