BHUBANESHWAR: In a major development, the Odisha government announced its nod for 12 major industrial initiatives valued at a staggering Rs. 84,919 crore. This substantial investment is projected to create an estimated 42,281 employment opportunities within the state.

Spanning diverse sectors such as apparel & textiles, green hydrogen, green ammonia, steel, power, and renewable energy, these ventures signify a pivotal advancement in Odisha's industrial landscape. The proposed projects will be strategically positioned across various cities including Cuttack, Dhenkanal, Ganjam, Jajpur, Jharsuguda, Kendrapada, Malkangiri, Rayagada, Sambalpur, and Sundargarh, as outlined by the state government's announcement.

Noteworthy entities like Welspun Group, Sembcorp Green Hydrogen India Private Limited, Re-New E-Fuels Private Ltd., Tata Group, BMW Industries Limited, NTPC India Ltd, and Aegis Vopak are among the key contributors slated to invest in these initiatives.

The official statement from the government emphasized the transformative impact of these projects, envisioning a robust economic trajectory for Odisha. It positioned the state as a premier investment hub and a focal point for industrial expansion in Eastern India. The statement articulated the belief that these ventures would significantly bolster Odisha's industrial prowess and play a pivotal role in fostering extensive employment opportunities.

The anticipated momentum generated by these initiatives is anticipated to propel Odisha towards unprecedented growth, firmly establishing it as a powerhouse of industrial development and a beacon for substantial employment generation.

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