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Bhubaneswar:8/3/24:In a major boost to the industrial growth in Odisha, the High-Level Clearance Authority (HLCA) under the chairmanship of CM Naveen Patnaik has approved 7 investment proposals worth ₹80,125 Cr. These projects will create over 24,552 new jobs in different districts.
The HLCA has approved projects in Green Energy & Equipment, Steel, Chemical, Green Hydrogen & Green Ammonia, and Pharmaceutical. These projects will come up in Ganjam, Jagatsinghpur, Khordha, Bhadrak & Jharsuguda districts.
Granules Life Sciences Pvt Ltd a leading producer of paracetamol in India is setting up its pharmaceutical unit at Tata SEZ, Gopalpur, Ganjam. The company will produce 4 billion units of paracetamol, metformin, ibuprofen, and other pharma products. Granules will invest Rs. 1,100 Cr in this Ganjam plant which will generate employment for 1480 persons.
Granules CZRO Private Limited will also set up a green specialty chemical plant for its pharmaceutical products like Para Amino Phenol, DCDA & DMA HCL. This plant will be set up at Tata SEZ, Gopalpur, Ganjamwith an investment of Rs. 2,000 Cr and will create employment opportunities for 1000 persons.
ACME Greentech Urja Private Limited will set up an Integrated manufacturing unit from Silica of Solar PV. This green energy facility will attract Rs. 36,000 crores of investment and create employment opportunities for 6,272 persons. This unit in Khurdawill produces 10 GW of solar panels.
Waaree Clean Energy Solutions Pvt Limited, India’s largest solar panel manufacturer, will set up a 1.20 MMTPA Green Ammonia Plant in Jagatsinghpur. This plant will be set up with an investment of Rs. 12,480 crores, employing 3,250 people.
EG Solwin Hybrid Private Limited will establish a 0.30 MT Green Ammonia production unit at Tata SEZ, Gopalpur, Ganjam. This project will bring in an investment of Rs. 6,330 crores and employ 1,050 people.
Action Ispat is expanding its steel production capacity from 0.37 MTPA to 7.5 MTPA, along with downstream and upstream facilities at Jharsuguda. The expansion will be done with an investment of 21,000 crores and create job opportunities for an additional 10,000 persons.
OFB Tech Private Limited will be setting up a manufacturing unit of Drums, Woven bags & Chemical complex at Dhamrain Bhadrak with a total investment of Rs. 1,615 crores, employing 1,500 people.
The Government of Odisha has been consistently supportive of business leaders investing in the state. With these projects moving forward, Odisha’s economy is expected to experience significant growth, solidifying its position as the top choice for investments and industrial development in Eastern India.
| Sl | Project Name | Project Description | Project Cost (in Cr) | Employment (Potential) | Sector | Location |
| 1 | Granules Life Sciences Pvt Ltd | Pharmaceutical Unit | 1,100.00 | 1,480 | Pharmaceutical | Tata SEZ, Gopalpur, Ganjam |
| 2 | Granules Czro Private Limited | Manufacturing plant of bulk pharmaceutical products | 2,000.00 | 1,000 | Pharmaceutical | Tata SEZ, Gopalpur, Ganjam |
| 3 | ACME Greentech Urja Private Limited | Integrated Solar PV Module manufacturing unit of capacity 10 GW | 35,600.00 | 6,272 | Green Energy Equipment | Khurdha |
| 4 | Waaree Clean Energy Solutions Pvt Limited | 1.20 MT Green Ammonia Plant | 12,480.00 | 3,250 | Green Hydrogen & Green Ammonia | Jagatsinghpur |
| 5 | EG Solwin Hybrid Private Limited | 0.30 MT Green Ammonia Plant | 6,330.00 | 1,050 | Green Hydrogen & Green Ammonia | Tata SEZ, Gopalpur, Ganjam |
| 6 | Action Ispat | Expansion of its steel plant to 7.5 MTPA, along with downstream and upstream facilities | 21,000.00 | 10,000 | Steel | Jharsuguda |
| 7 | OFB Tech Private Limited | Drum, Woven bags & Chemical Complex | 1,615.00 | 1,500 | Chemical | Dhamra. Bhadrak |
| 80,125.00 | 24,552 |
Odisha is working towards its future by planning carefully and focusing on both sustainable and inclusive growth. This approach is not only bringing in investors from around the world but is also becoming an example for development. As these projects happen, Odisha is on its way to becoming a strong force in industrial growth and creating jobs.
