Odisha Chief Minister Mohan Charan Majhi. File | Photo credit: ANI
The Odisha government has approved industrial investment proposals worth ₹ 44,241.97 crore, paving the way for 10 major projects in eight districts and creating about 8,765 employment opportunities.
The proposals were approved at a High-Level Clearance Authority (HLCA) meeting chaired by Chief Minister Mohan Charan Majhi on Wednesday (February 25, 2026).
Bharat Forge Limited will invest ₹ 3,000 crore in Dhenkanal to set up an automotive, aerospace and defense manufacturing unit that will create 1,000 jobs to position Odisha as a destination for high-precision engineering.
The semiconductor industry received a major boost when ASP Semicon Private Limited proposed a ₹4,620 crore semiconductor memory chip factory in Khordha, which is expected to create 2,500 jobs. In the rare earth segment, Magnova Private Limited will invest ₹ 1,050 crore in a high-performance magnet manufacturing facility, strengthening the state’s electronics ecosystem.
Among the major projects discussed at the HLCA was Adani Hydro Energy Twelve Limited, which is investing ₹9,731.47 crore in Nayagarh.
Sangamam CD Hydro Consortium to invest ₹9,000 crore in Koraput. Greenko OR01 IREP Private Limited has proposed ₹7,506.94 crore in Kalahandi, while Jindal Green PSP Two Private Limited is investing ₹3,711.56 crore in Deogarh for a pumped hydro plant. Together, these pumped storage projects strengthen Odisha’s long-term energy security, grid stability and renewable integration capacity
Mr. Majhi said Odisha is shifting its focus from traditional industries to emerging, technology-driven sectors such as semiconductors, renewable energy and advanced manufacturing.
He emphasized that timely implementation of approved projects will be key to achieve the state vision of ‘Samruddha Odisha by 2036’.
He pointed out that the state government was focused not only on attracting investment but also on ensuring speedy implementation through ease of doing business, service level agreements and stronger facilitation at the country level.
Published – 26 Feb 2026 08:50 IST
