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Odisha government approves 15 major projects worth Rs 3,353 Crore

Infrastructure  -  Nov 09,2024  - 

The Odisha government has approved 15 major industrial and infrastructure projects with a total investment of Rs 3,353 crore, aimed at boosting economic development and creating job opportunities across the state. These projects span multiple sectors, including manufacturing, infrastructure, and tourism, signaling the government's commitment to driving sustainable growth.

The approval was granted by the State Level Single Window Clearance Authority (SLSWCA) in a recent meeting, which reviewed the proposals for various large-scale projects. The projects are expected to contribute significantly to the state's economy by attracting investment and facilitating industrial growth.

Among the key sectors benefiting from these investments are renewable energy, food processing, and IT infrastructure, along with the development of high-value industries such as chemicals and textiles. The state is also focusing on improving its infrastructure, with several transportation and logistics projects slated to receive funding under this initiative.

One of the most notable projects includes the establishment of a large-scale manufacturing facility that will produce electric vehicles (EVs) and components. This aligns with Odisha’s ambition to be at the forefront of India’s growing electric mobility sector. Additionally, the state is investing in the development of tourism infrastructure to boost its attractiveness as a tourist destination, creating jobs and supporting the local economy.

The projects will be implemented over the next few years and are expected to generate significant employment, both directly and indirectly, while contributing to the state’s broader vision of industrialization and economic growth.

 

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