States » EastPosted at: Oct 29 2026 8:48PM


Odisha clears 22 investment proposals worth Rs.3855 Crore,

Bhubaneswar, Oct 29 (UNI) In a major push to industrial growth and employment generation, the Odisha Government has approved 22 industrial investment proposals worth Rs.3,855.38 crore, with the potential to create 7,765 employment opportunities across the state.
The projects span 11 sectors, including tourism, biofuels, manufacturing, aerospace and defence, chemicals and petrochemicals, pharmaceuticals, infrastructure, plastics, steel downstream industries, paper and packaging, and Global Competency Centres.
The proposals were approved at the 151st meeting of the State Level Single Window Clearance Authority (SLSWCA), chaired by Chief Secretary Anu Garg.
The approved investments reflect the state’s strategy to diversify its industrial base by combining traditional manufacturing and downstream industries with emerging sectors such as aerospace and defence, compressed biogas, specialised chemical production, pharmaceutical manufacturing, logistics infrastructure, technology-enabled services and tourism.
The projects will be spread across 12 districts—Angul, Balasore, Bhadrak, Cuttack, Ganjam, Jajpur, Jharsuguda, Khordha, Nayagarh, Puri, Sambalpur and Sundargarh.
According to official sources, the geographical spread of the proposed investments is expected to promote industrial development across multiple regions, generate local employment and stimulate economic activity around the project locations.
The paper, packaging and plastics segments account for two significant proposed investments worth a combined Rs.1,029.91 crore.
Alisha Torrent Closures (India) Private Limited will invest Rs.529.91 crore in Nayagarh to manufacture caps and closures for bottled beverages. The project is expected to strengthen Odisha’s packaging-related manufacturing base.
Stark Ridge Private Limited will invest Rs.500 crore in a paper and paper products manufacturing unit in Khordha district. The proposed facility will have an annual production capacity of 108,000 metric tonnes (MT) of corrugated boxes, 48,000 MT of paper bags, 48,000 MT of mono cartons and 99,000 MT of paper.
With its substantial production capacity and diverse product portfolio, the project is expected to become a significant addition to the state’s paper and packaging manufacturing sector.
Three proposed compressed biogas (CBG) projects, involving a combined investment of Rs.680 crore, have also received approval. The projects will expand biofuel-related industrial activity across several districts of Odisha.
Indian Oil Corporation Limited will invest Rs.360 crore in a CBG manufacturing facility with an annual production capacity of 14,850 tonnes across Angul, Jajpur and Sambalpur districts.
Kineta Global Limited will establish a CBG production facility with an annual capacity of 8,250 tonnes in Sundargarh district at an investment of Rs.170 crore.
Similarly, Sree Metaliks Bio Energy Limited will invest Rs.150 crore in a CBG manufacturing facility with an annual production capacity of 6,600 tonnes in Balasore district.
Together, the three projects will have a proposed production capacity of 29,700 tonnes per annum. These investments are expected to strengthen Odisha’s biofuel industry, promote alternative energy production and broaden the geographical reach of investments in the sector.
Three projects in the steel downstream and industrial manufacturing sectors, involving a combined proposed investment of Rs.323.81 crore, were also cleared by the state government.
The projects are expected to support value addition in the industrial sector and strengthen Odisha’s existing manufacturing ecosystem.
The chemicals and petrochemicals sector will receive two proposed investments worth a total of Rs.225 crore, further diversifying the state’s industrial portfolio.
Two proposed projects in Khordha district will bring investments worth Rs.117 crore into the aerospace and defence sector.
The approvals are expected to support the development of specialised manufacturing activities and strengthen Odisha’s efforts to attract investment in emerging and technology-intensive industries.
Amritash Healthcare Pvt. Ltd. – Unit II will invest Rs.152.69 crore in a pharmaceutical products manufacturing facility in Khordha district.The proposed facility will have an annual production capacity of 1,500 million tablets, 210 million capsules and 48 million injections.
The project is expected to significantly expand Odisha’s pharmaceutical manufacturing capacity and strengthen the state’s presence in the specialised, value-added healthcare manufacturing sector.
RB Abodes Private Limited will establish an Integrated Logistics Park in Ganjam district with an investment of Rs.209.35 crore.
The project will also include a 5-megawatt rooftop solar power plant, combining logistics infrastructure with on-site renewable energy generation.
The proposed facility is expected to strengthen the state’s logistics infrastructure and support the movement of goods and related commercial activities, while incorporating renewable energy into its operations.
Tourism is another major sector covered by the approved investment proposals, with six projects involving a combined investment of Rs.1,035.62 crore and an employment potential of 1,337 jobs.
The projects include hotels, luxury resorts and a convention centre across Khordha, Jharsuguda, Puri and Cuttack districts.
These investments are expected to expand Odisha’s hospitality infrastructure in established tourist destinations and other locations, strengthen tourism-related services and create employment opportunities.
The approval of 22 investment proposals marks another step in Odisha’s efforts to broaden its industrial base, attract investments across emerging and established sectors, and create employment opportunities across different regions.
The projects, once implemented, are expected to contribute to industrial expansion, local economic activity and employment generation across Odisha,official sources said.
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