THEBUSINESSBYTES BUREAU

BHUBANESWAR, OCTOBER 29, 2026

The Odisha government on Thursday approved 22 industrial investment proposals worth Rs 3,855.38 crore, with the potential to generate 7,296 jobs across 12 districts, as the state stepped up efforts to diversify its industrial base and accelerate economic growth.

The proposals were cleared at the 151st State Level Single Window Clearance Authority (SLSWCA) meeting chaired by Chief Secretary Anu Garg.

Spanning 11 sectors, the approved projects cover tourism, biofuel, manufacturing, aerospace and defence, chemicals and petrochemicals, infrastructure, plastics, pharmaceuticals, global competency centres, steel downstream and paper packaging. The investments are spread across Angul, Balasore, Bhadrak, Cuttack, Ganjam, Jajpur, Jharsuguda, Khordha, Nayagarh, Puri, Sambalpur and Sundargarh districts.

The tourism sector emerged as a major investment destination, with six proposals involving Rs 1,035.62 crore and an employment potential of 1,337 people.

The approved projects include five-star hotels by Ashirbad Engineering and Construction Private Limited, with an investment of Rs 310 crore, and Swami Resorts Private Limited, with Rs 153 crore, both in Khordha district.

The Royale Nest Hospitality Private Limited will invest Rs 150 crore in a luxury resort with a convention centre in Jharsuguda, while Srikrishna Estates and Construction Pvt Ltd will develop a high-end resort in Puri with an investment of Rs 135 crore.

KP Prime Assets Private Limited will invest Rs 120 crore in a luxury hotel, while Maa Bhattarika Minerals will develop a four-star riverfront resort, Mahanadi Alaya, in Cuttack with an investment of Rs 64.04 crore.

Paper, packaging and plastics also attracted significant investments, with two projects worth a combined Rs 1,029.91 crore expected to generate 1,960 jobs.

Alisha Torrent Closures (India) Private Limited will invest Rs 529.91 crore in Nayagarh to manufacture caps and closures for bottled beverages, creating 250 jobs.

Stark Ridge Private Limited will set up a paper and paper products manufacturing unit in Khordha with an investment of Rs 500 crore and an employment potential of 1,710 people. The facility will have an annual production capacity of 1,08,000 tonnes of corrugated boxes, 48,000 tonnes of paper bags, 48,000 tonnes of mono cartons and 99,000 tonnes of paper.

The biofuel segment received a boost with the approval of three compressed biogas (CBG) projects involving a combined investment of Rs 680 crore and a total annual production capacity of 29,700 tonnes. The projects are expected to generate 984 jobs across the districts covered by the proposals.

Indian Oil Corporation Limited will invest Rs 360 crore in a 14,850-tonne-per-annum CBG facility spanning Angul, Jajpur and Sambalpur, with an employment potential of 745 people.

Kineta Global Limited will establish an 8,250-tonne-per-annum facility in Sundargarh with an investment of Rs 170 crore, creating 170 jobs. Sree Metaliks Bio Energy Limited will invest Rs 150 crore in Balasore to set up a 6,600-tonne-per-annum plant, generating 69 jobs.

In steel downstream and industrial manufacturing, three projects worth Rs 323.81 crore were approved, with the potential to create 634 jobs.

Saha Steel Private Limited will invest Rs 72.81 crore in Sambalpur to manufacture pre-engineered building systems. MPIL Steel Structures Limited will set up a heavy steel structure fabrication plant with an annual capacity of 25,000 tonnes in Jajpur at an investment of Rs 200 crore, while Armour Industries will invest Rs 51 crore in Sundargarh to manufacture structural steel fabrications and mining equipment.

The chemicals and petrochemicals sector secured two projects involving a combined investment of Rs 225 crore and an employment potential of 405 people.

Aarish Coating Technology LLP will invest Rs 50 crore in Khordha to manufacture industrial paints, while Proec Energy Limited will set up a calcined and graphitized petroleum coke manufacturing facility in Bhadrak with an investment of Rs 175 crore.

The aerospace and defence sector also figured prominently in the approvals, with investments aimed at strengthening advanced manufacturing capabilities.

Stonehawk Technologies Private Limited will invest Rs 65 crore in Khordha to establish an integrated drone and unmanned aerial systems manufacturing facility, expected to generate 800 jobs.

Classic Tecnologistics & Trade Private Limited will invest Rs 52 crore in an integrated aerospace manufacturing facility, creating an additional 370 employment opportunities.

In pharmaceuticals, Amritash Healthcare Pvt Ltd Unit II will invest Rs 152.69 crore in Khordha to establish a manufacturing facility with an annual capacity of 1,500 million tablets, 210 million capsules and 48 million injections. The project is expected to create 520 jobs.

The logistics and infrastructure segment will receive a further boost with RB Abodes Private Limited's proposed Integrated Logistics Park in Ganjam. The project entails an investment of Rs 209.35 crore, including a 5-MW rooftop solar power plant, and is expected to generate 345 jobs.

Linde South Asia Services Pvt Ltd will establish a Global Competency Centre in Khordha for transport and remote operations, involving an investment of Rs 82 crore and creating 210 jobs.

The government said the approved investment portfolio reflected the state's diverse industrial priorities and the geographical spread of development initiatives, with an emphasis on employment generation and expanding industrial opportunities beyond established centres.

The projects are expected to contribute to the state's long-term development agenda and support its vision of building a prosperous Odisha, or 'Samruddha Odisha 2036'.