The Odisha government has approved 14 proposals including the JSW Group's plan to set up electric vehicle (EV) and components manufacturing units in Cuttack and Jagatsinghpur districts of the state.

The Cabinet approved the special incentive package at a meeting chaired by Chief Minister Naveen Patnaik on 22 January, 2024. The projects entail a combined investment of over Rs 40,000 crore.

These projects will come up at Naraj in Cuttack, and Paradip in Jagatsinghpur, with an employment potential for over 11,000 people which will fuel industrial growth.

The company is also planning to set up an original equipment manufacturing (OEM) plant for EVs and components in the same facility in Cuttack in two phases. JSW plans to invest Rs 25,000 crore in the state, generating employment for more than 4,000 people through this facility.

Similarly, the company has plans to set up an EV components manufacturing complex consisting of a copper smelter along with a lithium smelter at Paradip in the third phase. In this phase, JSW is planning to invest Rs 15,000 crore and create employment for more than 7,000 people.