In a significant stride towards industrial development, Odisha reached a noteworthy milestone during the 33rd High-Level Clearance Authority (HLCA) meeting. Led by Chief Minister Naveen Patnaik, the Government of Odisha granted approval for twelve pivotal industrial projects, collectively amounting to a substantial investment of Rs 84,918.75 crore. These ventures span across diverse sectors such as Apparel & Textiles, Green Hydrogen, Green Ammonia, Steel, Power & Renewable Energy, and Chemical & Petrochemical downstream industries, thereby bolstering Odisha’s manufacturing prowess.
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The approved projects are anticipated to generate employment opportunities for 42,281 individuals across various sectors, underlining the state’s commitment to fostering economic growth and job creation. A particular emphasis on promoting the Green Hydrogen and Green Ammonia sector has attracted major players like Welspun New Energy Limited, Sembcorp Green Hydrogen India Private Limited,and ReNew E-Fuels Private Limited, contributing to the state’s sustainable development goals.
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Notably, Welspun New Energy Limited is set to invest INR 13,860 crore in a 0.70 MMTPA Green Ammonia manufacturing unit in Kendrapada, promising employment for 1,000 individuals. Concurrently, Sembcorp Green Hydrogen India Private Limited aims to establish a 0.72 MMTPA Green Ammonia Manufacturing Unit in Gopalpur, Ganjam, with an investment of INR 13,000 crore, generating employment for 1,250 individuals.
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Furthermore, in the Power & Renewable Energy sector, NTPC Limited secured approval for an 800 MW super thermal power plant in Sundergarh, with an investment of INR 9,208.36 crore, expected to provide employment for 1366 individuals. This robust industrial push reaffirms Odisha’s status as the preferred investment and industrial expansion destination in Eastern India, promising unpralleled growth in its economic landscape.
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