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India's Odisha state approves investment projects worth $16.08 bn

02 Dec '24
1 min read
India's Odisha state approves investment projects worth $16.08 bn
Pic: Adobe Stock

Insights

  • The government in India's Odisha state has cleared 20 investment projects worth $16.08 billion.
  • The projects span nine sectors: apparel & textiles, steel, chemicals, aluminium, aviation fuel, green energy & equipment, power, renewable energy and cement.
  • These will be set up in 10 districts: Jajpur, Jharsuguda, Khurda, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak and Jagatsinghpur.
The government in India’s Odisha state recently approved 20 investment projects worth ₹1.36 lakh crore ($16.08 billion).

The state’s high-level clearance authority headed by chief minister Mohan Charan Majhi approved the projects that are estimated to offer jobs to over 74,350 and boost economic growth, an official release said.

The approved projects span nine sectors: apparel and textiles, steel, chemicals, aluminium, aviation fuel, green energy and equipment, power, renewable energy and cement.

These will be set up in 10 districts: Jajpur, Jharsuguda, Khurda, Sambalpur, Ganjam, Kalahandi, Malkangiri, Dhenkanal, Bhadrak and Jagatsinghpur.

In the last six months, Odisha has attracted investments exceeding ₹1.80 lakh crore through 73 industrial projects, which would create employment for over 1.1 lakh individuals, the official statement said.

ALCHEMPro News Desk (DS)

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