Odisha boosts green energy, industrial growth with Rs 4,067 crore 22 new projects

In a significant move towards bolstering industrial growth and promoting green energy, the Odisha government announced the approval of 22 new projects, representing an investment of Rs 4,067 crore. The decision, aimed at diversifying the state’s industrial base and enhancing employment opportunities, was made during the State Level Single Window Clearance Authority (SLSWCA) meeting led by Chief Secretary PK Jena.

The projects span a variety of sectors, such as green energy equipment, chemicals, textiles and apparel, metals, food processing, IT infrastructure, and more, indicating a comprehensive approach to industrial development. Notably, the initiatives are expected to generate approximately 25,525 jobs across 12 districts, marking a significant boost to the local economy.

Highlighting the green energy sector’s growth, Waaree Clean Energy Solutions Pvt Limited is set to establish an electrolyser manufacturing plant in Khurda with a project outlay of Rs 435 crore, which will create around 300 jobs. Furthermore, in the realm of chemicals, Shalimar Paints and SSIL Paint Industries Private Limited are planning significant investments in Balasore and Khurda, respectively, promising substantial employment opportunities.

The textile, metal downstream, and food processing sectors also see considerable investment, with OFB Tech Private Limited and BMW Industries Limited leading the charge with projects in Khurda and Jajpur. Additionally, in the power and renewable energy segment, Hindalco Industries Limited and Adani Total Energies Biomass Limited are set to undertake ambitious projects in Koratpur and Sambalpur, further emphasizing Odisha’s commitment to sustainable development.

This wave of industrial projects underscores the state’s strategic efforts to stimulate economic prosperity and job creation through diversified industrial expansion, with a special focus on green energy and sustainability.