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Odisha clears ₹1.65 lakh crore investments, steel sector takes the lead

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Business 15 Apr 2025 06:43 PM IST The Hindu BusinessLine

Odisha approves ₹1.65 lakh crore in investments across sectors.

Steel and metal industries remain the top focus of development.

Thousands of employment opportunities expected from the cleared projects.

The Odisha government has approved investment proposals worth an impressive ₹1.65 lakh crore, further strengthening its position as a hub for steel and heavy industries. These clearances came during the State-Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Pradeep Jena.

Out of the total, a significant share of investment is directed towards the steel and metal sectors, including expansions and new greenfield projects. The approved projects are expected to generate over 45,000 jobs and drive large-scale industrial development across the state.

Major companies such as ArcelorMittal Nippon Steel, JSW Group, and Tata Steel are reportedly among the beneficiaries, with projects aimed at capacity expansion and value addition in the downstream sectors.

This move is strategically timed as India pushes for self-reliance in manufacturing and raw material production, and Odisha continues to leverage its rich mineral reserves and investor-friendly policies.