Odisha approves Rs 2.47 lakh crore in industrial investment proposals

The Odisha government has approved 27 industrial investment proposals totaling approximately Rs 2,47,115.70 crore. Chaired by Chief Minister Mohan Charan Majhi, the 46th meeting of the High-Level Clearance Authority (HLCA) cleared projects across 15 districts, which are expected to create 50,162 jobs.

A major driver of this investment is the digital and technology sector, with four projects in IT, ITES, and data centres accounting for roughly Rs 1,42,941 crore. Key developments include an integrated data centre by High Density Datacentre Limited in Khordha (Rs 1,04,550 crore), an AI-optimised data centre by HCL Technologies Limited in Khordha (Rs 14,257 crore), and an AI data centre and Global Capability Centre by Sentraforge AI Ltd in Puri (Rs 22,634 crore).

Other approved sectors include renewable energy, steel, semiconductors, green hydrogen, healthcare, textiles, and advanced manufacturing. Notable energy investments include projects by NLC India, while the semiconductor sector will see developments from SICSEM Pvt Ltd and Larsen & Toubro Ltd. The state also approved investments in lab-grown diamond manufacturing totaling Rs 10,680 crore.